单词 | fungible |
释义 | fungibleDefinition Uniform, interchangeable, and substitutable like cash for cash, corn for corn, and gold for gold. A commodity must be fungible before it can be traded on a commodity exchange. If two manufactured goods are fungible, they are treated as commodities and must compete only on the basis of price and/or availability. Shares of a firm, even if bought at different prices at different times, are fungible. |
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