fungibility

fungibility
The substitutability of listed options , which is dependent upon their common expiration dates and strike prices. The congruence of expiration dates and strike prices lets investors close positions by offsetting transactions through the options clearing corporation. Bloomberg Financial Dictionary

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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:

  • Fungibility — is the property of a good or a commodity whose individual units are capable of mutual substitution. Examples Examples of highly fungible commodities are crude oil, precious metals, and currencies.Fungibility has nothing to do with the ability to… …   Wikipedia

  • fungibility — noun see fungible II …   New Collegiate Dictionary

  • fungibility — See fungible. * * * …   Universalium

  • fungibility — noun the property of a good or a commodity whereby individual units are capable of mutual substitution …   Wiktionary

  • Fungibility — A good or asset s interchangeability with other individual goods/assets of the same type. Assets possessing this property simplify the exchange/trade process, as interchangeability assumes that everyone values all goods of that class as the same …   Investment dictionary

  • fungibility — n. (Law) condition of being replaceable (about merchandise) …   English contemporary dictionary

  • fungibility — fun·gi·bil·i·ty …   English syllables

  • fungibility — /ˌfʌndʒə bɪlɪti/ noun being exchangeable for something similar …   Dictionary of banking and finance

  • fungibility — noun the quality of being capable of exchange or interchange • Syn: ↑exchangeability, ↑interchangeability, ↑interchangeableness • Ant: ↑unexchangeability (for: ↑exchangeability) …   Useful english dictionary

  • fungible — fungibility, n. /fun jeuh beuhl/, adj. Law. (esp. 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. [1755 65; < ML fungibilis, equiv. to L fung(i) to… …   Universalium

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