| 单词 | fungible |
| 释义 | fungible fungible // adjective, noun
■ adjective
(Finance ; Law ) that can be replaced or exchanged with sth of the same kind without changing the quality, characteristics or value: Oil is a fungible commodity: if one producer stops supplying you, you can simply go to another. These bonds are fungible with those already listed. Where fungible goods are stored, we may return different goods of the same quality and quantity as those received. Commodities, options, and securities are fungible assets.
■ noun [C, usually pl.]
1 (Finance ; Law ) shares, bonds, etc. that can replace or be exchanged with others without losing their value: Fungibles have been issued by several multinational companies to raise funds from different markets at the same time.
2 (Commerce ; Law ) goods that are valued and sold by their number or weight: Grain and flour are typical fungibles. |
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