fungible Hear it!

fungible Definition

fun·gible (fun′jə bəl)

adjective

Law designating movable goods, as grain, any unit or part of which can replace another unit, as in discharging a debt

Etymology: ML fungibilis < L fungi, to perform: see function

noun

a fungible thing

Etymology: ME (res) fungibilis

fungible Related Forms
fun′·gibil′·ity noun
fungible Finance Definition
Interchangeable. Fungible products can be substituted for each other for shipment or storage purposes. Options that have the same strike price and expiration date also are fungible.
fungible Law Definition

adj

Of goods or products, that they are all of a kind, not unique, and replaceable by other goods of the same kind; for example, crops are fungible while a painting by Rembrandt is not.
fungible Usage Examples

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.

Browse dictionary entries near fungible

  1. ‹ fungibility
  2. ‹ fungi-
  3. ‹ fungi
  4. ‹ fungal
  5. ‹ funfair
  6. ‹ funereal
  7. ‹ funerary
  8. ‹ funeral director
  9. ‹ funeral
  10. ‹ Fundy
  1. fungibles ›
  2. fungicide ›
  3. fungiform ›
  4. fungistat ›
  5. fungo ›
  6. fungoid ›
  7. fungous ›
  8. fungus ›
  9. FUNI ›
  10. funicle ›