fungibility

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fun·gi·ble

(fŭn′jə-bəl)

adj.

1. Law Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.

2. Interchangeable.

often fungibles Law Something that is fungible.

[Medieval Latin fungibilis, from Latin fungī (vice), to perform (in place of).]

fun′gi·bil′i·ty n.

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Noun

fungibility - the quality of being capable of exchange or interchange

exchangeability, interchangeability, interchangeableness

changeability, changeableness - the quality of being changeable; having a marked tendency to change; "the changeableness of the weather"

duality - (geometry) the interchangeability of the roles of points and planes in the theorems of projective geometry

transferability - the quality of being transferable or exchangeable; "sterling transferability affords a means of multilateral settlement for....trade between nondollar countries"

convertibility - the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)

inconvertibility - the quality of not being exchangeable; "the inconvertibility of their currency made international trade impossible"

commutability, replaceability, substitutability - exchangeability by virtue of being replaceable

liquidity - being in cash or easily convertible to cash; debt paying ability

permutability, permutableness, transposability - ability to change sequence

Translations

Fungibilität

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References in periodicals archive ?

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The decision to introduce full fungibility of foreign investment in the private banking sector is also being seen as an attempt to ease the norms for doing business in the country.