fungible


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Related to fungible: Fungible things

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.
n.
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.

fungible

(ˈfʌndʒɪbəl) law
n
(Law) (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc
adj
(Law) having the nature or quality of fungibles
[C18: from Medieval Latin fungibilis, from Latin fungī to perform; see function]
ˌfungiˈbility n

fun•gi•ble

(ˈfʌn dʒə bəl)

adj.
(of goods) exchangeable or replaceable, in whole or in part, for another of like nature or kind.
[1755–65; < Medieval Latin fungibilis, derivative of Latin fung(ī) to perform the office of]
fun`gi•bil′i•ty, n.

fungible

- Interchangeable, returnable, or easily replaced.
See also related terms for interchangeable.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fungible - a commodity that is freely interchangeable with another in satisfying an obligation
commodity, trade good, good - articles of commerce
Adj.1.fungible - of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
exchangeable - suitable to be exchanged
Translations
References in periodicals archive ?
The facility is fungible with JPJ's existing term loan, which matures in December 2024 and has a price of EURIBOR plus 4.25% a year.
Harmony helps businesses build marketplaces of fungible tokens (such as energy credits and loyalty points) and non-fungible assets (such as game collectibles and real estate).
The Shanghai-London Stock Connect program is a two-way depository receipts program that allows eligible listed companies in Shanghai Stock Exchange and London Stock Exchange to list depository receipts overseas which are backed by and fungible with issuers' shares listed in their home markets.
It is mainly made up of fungible treasury bonds (60%) and treasury deposits (29%).
Domestic debt (19.19 billion dinars) consists mainly of fungible Treasury bills (64%) and deposits in the TGT (28%).
"Right, but they get a lot of money and, you know, money's fungible and it effectively floats these organizations which then use other money," said Ryan.
This money, which supports the PA budget, is fungible to meet payments for imprisoned and released (terrorists.)" Seventy-eight of the 104 convicted (terrorists) who Israel released as part of the deal that led to the PLO agreeing to restart negotiations in July receive monthly stipends of up to $3,500, and grants of up to $25,000, the document said.
The standardized pricing mechanism is designed to turn these precious stones into fungible products, Feldman said, and allow investors to capitalize on price fluctuations.
"Single tenant leases that are triple net and leased by a credit worthy tenant such as Walgreens are extremely appealing and very fungible, much more so than typical commercial real estate," said Paul V.
The tap certificates form part of and are fungible with the two pre-existing tranches of: AED 3.8 billion certificates issued by Nakheel to trade creditors on 25 August 2011; and (ii) the first tap issuance of AED 227.4 million certificates issued by Nakheel to trade creditors on 25 April 2012.
The additional senior notes are fungible with Telesat's previously issued 6.0% senior notes due 2017 and form a single class under the indenture, dated May 14, 2012 (the "Indenture).
Fungible goods (1) are those that can substitute each other in performing an obligation; they can substitute each other in payments and reimbursements (money, cigarettes, food, etc).