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Was (wer) ist fungibility$30404$ - definition
Fungibility
PROPERTY OF A GOOD WHOSE INDIVIDUAL UNITS ARE ESSENTIALLY INTERCHANGEABLE
Fungible; Fungible things; Fungible goods; Fungible good; Non-fungible
In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts is indistinguishable from any other part. Fungible tokens are the ones that can be exchanged or replaced; for example, a $100 note can easily be exchanged for twenty $5 bills.
fungible things
PROPERTY OF A GOOD WHOSE INDIVIDUAL UNITS ARE ESSENTIALLY INTERCHANGEABLE
Fungible; Fungible things; Fungible goods; Fungible good; Non-fungible
n. sometimes merely called "fungibles," goods which are interchangeable, often sold or delivered in bulk, since any one of them is as good as another. Grain or gravel are fungibles, as are securities which are identical.
fungible
PROPERTY OF A GOOD WHOSE INDIVIDUAL UNITS ARE ESSENTIALLY INTERCHANGEABLE
Fungible; Fungible things; Fungible goods; Fungible good; Non-fungible
['f?n(d)??b(?)l]
¦ adjective Law (of goods contracted for without an individual specimen being specified) replaceable by another identical item; mutually interchangeable.
Derivatives
fungibility noun
Origin
C17: from med. L. fungibilis, from fungi 'perform, enjoy'.
