Is Fungible A Word?

Are bonds fungible?

A financial instrument (such as a stock, bond, or futures contract) is considered fungible if it can be bought or sold on one market or exchange, and then sold or bought on another market or exchange.

Most physical assets are considered fungible because you can buy or sell them at various places..

What is a funge?

funge(Noun) A fool or simpleton.

Is gasoline a fungible good?

Gasoline is “fungible” meaning that if it meets specifications, such as 87 octane regular, then it is interchangeable with any other 87 octane gasoline. Once the gasoline is made, it is sent to distributors. This is where the additives are added including dyes for each brand of gasoline.

What does it mean for something to be 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.

Is fungibility a word?

The word fungibility comes from the Latin fungibilis, from the verb fungī, meaning “to perform”. It is related to words such as “function” and “defunct”. It is unrelated to the Latin and English noun fungus or its plural, “fungi”.

Are Bitcoins fungible?

Bitcoin is fungible For example, fiat money is fungible as $20 notes are interchangeable with all other (real) $20 notes. Similarly, one Bitcoin is equal to one Bitcoin, and it’s equal to all other Bitcoins. This makes fungibility completely essential to the concept of currency, whether they be crypto or otherwise.

What does Bonjour mean?

good day : good morning: good day : good morning.

What is fungible evidence?

Put simply, fungible evidence is evidence that has the capability of mutation, substitution, or degradation. For example, drugs and blood have been considered to be fungible evidence.

What does the word vulnerable mean?

1 : capable of being physically or emotionally wounded. 2 : open to attack or damage : assailable vulnerable to criticism. 3 : liable to increased penalties but entitled to increased bonuses after winning a game in contract bridge.

Is natural gas fungible?

Natural gas is not as easily transportable as oil. It needs to be either compressed for pipeline transport or liquefied for tanker transport. … These differences in transportation costs means that there is more variation in in pricing between countries, and it is not as fungible as oil.

Can a person be fungible?

People fungibility is the opposite of specialization. Such people are not even “T-shaped”; they are “squares”. Fungibility refers to the idea that any product engineer should be exchangeable with any other product engineer, for a given type of product.

What is the opposite of fungible?

a commodity that is freely interchangeable with another in satisfying an obligation. Antonyms: unexchangeable.

What is fungible money?

Fungibility. The state of being interchangeable. For example, money has fungibility because there is no difference between one dollar and another dollar. Likewise, stocks of the same type in the same company and commodities of the same quality are generally fungible.

What is the opposite of winsome?

Antonyms: acrimonious, churlish, crabbed, cruel, crusty, disagreeable, dogged, gruff, hateful, ill-conditioned, ill-humored, ill-natured, ill-tempered, morose, sour, sullen, surly, unamiable, unlovely.

How do you use fungible in a sentence?

Examples of fungible The numbers are irrefutable and all cash is fungible. The problem is that all money is fungible.

What does Funjable mean?

Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Fungible assets simplify the exchange and trade processes, as fungibility implies equal value between the assets.

What is black fungibility?

Black Fungibility​ is that radically shaped cake. The contents of the cake may remain the same, but the container’s objective is not necessarily to alter the constitution of the cake per se but instead to alter its form.

What is reverse fungibility?

The reverse fungibility of the depository receipts issued abroad by Indian companies is expected to narrow down the price differential between the same assets listed in the domestic market and the overseas market, thereby bringing down the opportunities of arbitrage.