fungible

fungible
fungible fun‧gi‧ble [ˈfʌndʒbl] adjective
1. COMPUTING fungible things can be exchanged for another amount of the same thing, or used instead of another thing:

• External PC and Mac modems are generally fungible, swapping them usually requires new cables.

2. FINANCE if one amount of money, bonds, shares etc is fungible with another, they are of the same type and can exchanged for each other, and treated in exactly the same way:
fungible with

• The inability to offer securities within the US that are genuinely fungible with the same securities offered elsewhere limits the opportunities available to issuers.

• The $10 billion it seeks to borrow isn't earmarked for particular projects. But, as any banker or borrower knows, money is fungible.

* * *

   The term used to describe when one instrument is identical to, and therefore interchangeable with, another. A fungible bond is a new issue that has all the same specifications as an existing issue, other than price. If a bond is fungible, it can be exchanged for an existing bond with the same characteristics.
   ► See also Bond.

* * *

Ⅰ.
fungible UK US /ˈfʌndʒəbl/ adjective
► COMMERCE, LAW fungible goods are easy to exchange for others of the same type and value: »

Technological advances have given gas the potential to be a fungible global commodity like oil.

► FINANCE, LAW fungible shares, bonds, etc. are easy to trade for others of the same type and value : »

fungible assets

→ Compare NONFUNGIBLE(Cf. ↑nonfungible)
Ⅱ.
fungible UK US /ˈfʌndʒəbl/ noun [C]
► 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.


Financial and business terms. 2012.

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Look at other dictionaries:

  • fungible — fun·gi·ble 1 / fən jə bəl/ adj [New Latin fungibilis, from Latin fungi to perform]: being something (as money or a commodity) one part or quantity of which can be substituted for another of equal value in paying a debt or settling an account oil …   Law dictionary

  • fungible — adjetivo 1. Uso/registro: administrativo. Que se consume o gasta con el uso: Esta partida del presupuesto es para material fungible. bienes* fungibles …   Diccionario Salamanca de la Lengua Española

  • fungible — [fun′jə bəl] adj. [ML fungibilis < L fungi, to perform: see FUNCTION] Law designating movable goods, as grain, any unit or part of which can replace another unit, as in discharging a debt n. [ME (res) fungibilis] a fungible thing fungibility n …   English World dictionary

  • fungible — capable of being used in place of another, 1765 (n.), 1818 (adj.), a word in law originally, from M.L. fungibilis, from L. fungi perform, as in fungi vice to take the place (see FUNCTION (Cf. function)) …   Etymology dictionary

  • fungible — (Del lat. fungi, gastar, y ble). adj. Que se consume con el uso. ☛ V. bienes fungibles …   Diccionario de la lengua española

  • fungible — adjective /ˈfʌn.dʒɪ.b(ə)l/ Able to be substituted for something of equal value or utility; interchangeable. Gold is fungible. Silver is fungible; that is, these metals are both so homogeneous that, if I get a pound of pure gold, for example, it… …   Wiktionary

  • fungible — ► adjetivo 1 Que se gasta con el uso: ■ los vehículos son máquinas fungibles. SINÓNIMO consumible extinguible 2 DERECHO Se aplica a los bienes muebles de los que no puede hacerse un uso adecuado sin consumirlos. * * * fungible (del lat. «fungi»,… …   Enciclopedia Universal

  • fungible — {{＃}}{{LM F18475}}{{〓}} {{SynF18957}} {{［}}fungible{{］}} ‹fun·gi·ble› {{《}}▍ adj.inv.{{》}} Que se consume con el uso: • Los materiales de oficina se consideran bienes fungibles.{{○}} {{★}}{{＼}}ETIMOLOGÍA:{{／}} Del latín fungi (consumir).… …   Diccionario de uso del español actual con sinónimos y antónimos

  • fungible — I. noun Date: circa 1765 something that is usually used in plural II. adjective Etymology: New Latin fungibilis, from Latin fungi to perform more at function Date: 1818 1. being of such a nature that one part or quantity may be replaced by… …   New Collegiate Dictionary

  • fungible — adjetivo gastable, agotable, consumible. Generalmente se emplea en la expresión material fungible …   Diccionario de sinónimos y antónimos

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