Dictionary fungible
WebJan 25, 2015 · fungible (adj.) "capable of being used in place of another; capable of being replaced," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi … Webfungible noun [ C ] uk / ˈfʌndʒəbl / us COMMERCE, FINANCE, LAW something such as a currency, share, or goods, that can easily be exchanged for others of the same value …
Dictionary fungible
Did you know?
Webfungible noun [ C ] uk / ˈfʌndʒəbl / us COMMERCE, FINANCE, LAW something such as a currency, share, or goods, that can easily be exchanged for others of the same value and type: Several million dollars of fungibles were illicitly moved from the bank. fungibility noun [ U ] Cash has the advantage of fungibility. WebNon-fungible tokens (NFTs) are digital code on a blockchain comprised of unique identification codes and metadata that distinguish them from one another. The following terms, which are used throughout this statement, are not legal definitions but are rather functional descriptions that the Department has developed based on how the terms are ...
WebApr 8, 2024 · noun. 1. (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc. adjective. 2. having the nature … Webfrom The American Heritage® Dictionary of the English Language, 5th Edition. adjective Law Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain. adjective Interchangeable. noun Law Something that is fungible. from The Century Dictionary.
Webfungible. Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's …
WebApr 8, 2024 · Fungibility is the property of being exchangeable for other assets of the same kind without any change in value or usability. For instance, a U.S. dollar is fungible, …
WebMar 17, 2024 · Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. And after Christie's auction house sold the first-ever NFT artwork — a … how to spell sphinxWebApr 8, 2024 · Fungibility is the property of being exchangeable for other assets of the same kind without any change in value or usability. For instance, a U.S. dollar is fungible, because, at a given point in... how to spell sphericalWebSep 2, 2024 · How do you define fungible? Fungible’s meaning boils down to “the ability to be copied or replicated, and thus, interchangeable.” That means that fungible assets, such as the aforementioned U.S. dollar, have equal value to other dollars. how to spell spickWebDec 4, 2004 · fungible. 1: (adj) Of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation. 2: (n) A … how to spell spider in frenchWebFungible definition, (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind: … rdu to flightsWebMay 8, 2024 · In trading, fungibility implies the ability to buy or sell the same financial instrument in two or more different markets. A financial instrument (such as a stock, bond, or futures contract) is considered fungible if it can be bought or sold on one market or exchange, and then sold or bought on another market or exchange. rdu to fort myers direct flightsWebMar 30, 2024 · Adjective [ edit] fungible ( comparative more fungible, superlative most fungible ) ( finance and commerce) Able to be substituted for something of equal value or utility. Synonyms: interchangeable, exchangeable, replaceable. Antonym: nonfungible. 1649, Antony Ascham, Of the confusions and revolutions of governments, 30 : how to spell spices