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 ?

"A Panel Data Analysis of the Fungibility of Foreign Aid," The World Bank Economic Review, 12, 1, 1998, pp.

An empirical analysis of the effect of aid on growth

A worthy point illustrating the fungibility of identity, but once will do.

When Brer Rabbit Meets Coyote: African-Native American Literature

Despite the adoption of the concept of fungibility, the affiliated group concept that underlies the current interest expense allocation regime is based on an affiliated U.S.

TEI comments on repeal of the FSC/ETI provisions and other international and corporate reform and simplification proposals

The report, written by Mark Manyin, a Congressional Research Service analyst in Asian affairs, said a major concern involving Japan's possible financial assistance to North Korea is ''fungibility.''

Japan aid may help N. Korea's Kim survive

An open architecture system must have the fungibility to be deployed in both applications.

Hardware essentials for an open architecture

While one could go on and quibble with other assertions--like the political chances of a high export tax in early 1861 or the fungibility of slave labor--Surdam knows his primary topic of economics and actually is more convincing on the impact of the blockade than he asserts.

Northern Naval Superiority and the Economics of the American Civil War

One or more goods (noted for their high marketability, divisibility and fungibility) then serve as a social institution--the media of exchange.

Michael Latzer and Stephan W. Schmitz (eds). Carl Menger and the Evolution of Payments Systems: From Barter to Electronic Money

The wider range of assets commercial banks can hold and the fungibility (interchange-ability) of advances weakens the connection between housing finance and FHLB lending to banks.

Commercial Banks' Borrowing from the Federal Home Loan Banks

In tacitly conceding the fungibility of celebrity even while decrying it, Posner confirms Bourdieu's gloomy predictions about the direction modernity is swiftly taking us: away from scholarship and high culture as sources of social prestige and toward journalism and entertainment.

Pierre Bourdieu, 1930-2002

The key elements in the 1980s reform of the Budget Guidelines were the introduction of ministerial expenditure ceilings (MECs) for total outlays within each spending ministry (total-rammer); greater fungibility and decentralisation of the budget process; and the so-called "expanded total balance principle" (Det Udvidede Totalbalanceprincip).

Aspects of the central-government budget process

Laxton's response to Mistress Gallipot's confusion comically highlights Moll's fungibility: "that were excellent: she might first cuckold the husband and t hen make him to as much for the wife!" (2.1.211-12).

Marked Angels: Counterfeits, commodities, and The Roaring Girl (*)

is one of the few countries that allocates interest expense to foreign source income using a "fungibility" theory, Merrill and Dubert explain.