Preposition: with

• stock: The new issues will be fully paid and fungible with the relevant stock already in issue.

Converse of object

• become: The vast majority of members make no use of the collateral held, although this could change once money market instruments become fungible.

Modifies a noun

• asset: These rules also apply to acquisitions of fractional shares in fungible partnership assets by partners who are not within the charge to corporation tax.

• rule: The fungible asset rules do not apply to Limited Companies.