Fungible,
Definition of Fungible:
Uniform, interchangeable, and substitutable like cash for cash, corn for corn, and gold for gold. A commodity must be fungible before it can be traded on a commodity exchange. If two manufactured goods are fungible, they are treated as commodities and must compete only on the basis of price and/or availability. Shares of a firm, even if bought at different prices at different times, are fungible.
(of goods contracted for without an individual specimen being specified) able to replace or be replaced by another identical item; mutually interchangeable.
How to use Fungible in a sentence?
- It is by no means the worlds only fungible commodity.
Meaning of Fungible & Fungible Definition
Fungible,
How Do You Define Fungible?
It describes goods or equipment that can be exchanged for something of the same nature, value and quality.
Meanings of Fungible
(Items entered into contracts without individual specifications) that can be exchanged with each other or with other identical items.
Sentences of Fungible
This is not the only good user in the world
Fungible,
How To Define Fungible?
This refers to goods or commodities that can be exchanged for the same type, price and quality products.
Meanings of Fungible
(Goods that are the subject of an agreement without specifying a sample) Replace other exchanges and similar goods.
Sentences of Fungible
Far from being the only consumer product in the world.
Fungible,
What is The Meaning of Fungible?
This refers to goods or equipment that can be exchanged for products of the same type, price and quality.
Meanings of Fungible
(Goods that are subject to agreement without specifying a single sample) are exchanged for other interchangeable and identical items.
Sentences of Fungible
By no means is it the only consumer item in the world.
