What is the meaning fungible?

Key Takeaways. Fungibility is the ability of a good or asset to be readily interchanged for another of like kind. Like goods and assets that are not interchangeable, such as owned cars and houses, are non-fungible.

Are commodities fungible?

Fungible goods are items that are interchangeable because they are identical to each other for practical purposes. Commodities, common shares, options, and dollar bills are examples of fungible goods.

What does it mean that Bitcoin is fungible?

Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin.

Where does the term fungible come from?

Fungible—which derives from the Latin verb fungi, meaning “to perform” (no relation to the noun “fungus” and its plural “fungi”)—is a word that often shows up in legal contexts. Something fungible can be exchanged for something else of the same kind.

Can a person be fungible?

Fungible is a word used to describe workers who are “virtually indistinguishable from others” in terms of the value of their contributions in the workplace.

How do you use the word fungible?

Fungible in a Sentence ?

1. On the diet plan, the two vegetables are fungible so you can eat either one without changing your calorie count.
2. The two automobiles are not fungible because one vehicle is worth more than the other vehicle.

What is the opposite of fungible?

Opposite of able to be substituted for something of equal value or utility. noninterchangeable. incompatible. unsubstitutable.

What is a funge?

Also found in: Wikipedia. n. 1. A blockhead; a dolt; a fool.

What is another word for fungible?

What is another word for fungible?

What is a funge face?

Fungenoun. a blockhead; a dolt; a fool.

What is a fungible security?

In simplest terms, fungible securities allow investors and speculators to buy low and sell high to make a profit. This works through a process known as arbitrage. Learn more about buying and selling across different markets can work to your advantage.

What’s the meaning of funge?

What does it mean when something is fungible?

Fungibility refers to the interchangeability of an asset. Anything fungible is replaceable with something that is of an equal value. For simplicity, associate fungible with replaceable (or interchangeable).

Which is the best definition of a non fungible asset?

Non-fungible definition. The definition of a fungible asset is as follows: (especially 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. Source: https://www.dictionary.com/browse/non-fungible.

Which is an example of the fungibility of stock?

One example of fungibility is shares of common stock in a company. If you purchase one share in Coca-Cola, that entitles you to a portion of ownership in the company. You receive the same rights and dividends as everyone else that owns one common share in the company.

What does non fungible mean in art world?

Chances are that you’ve come across the term non-fungible a few times in the past few days. From online talk of nonfungible tokens to artists getting upset over nonfungible art – fungibility (and nonfungibility) have become words charged with revolution and energy.