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fungible

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.14 sec.
fungible
Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's shares of Xerox left in custody at a brokerage firm are freely mixed with other customers' Xerox shares. Likewise, stock options are freely interchangeable among investors, and wheat stored in a grain elevator is not specifically identified as to its ownership.
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? Mentioned in ? References in periodicals archive
 
It is important for brokers to emphasize that all homes are not equal and that real estate is not fungible.
No beating experience in today's competitve market by Cliff, Patricia Warburg / Real Estate Weekly
The archdiocese, of course, treats this money as fungible, usable for settlements or any other church purpose as it desires.
Who owns parish real estate? by Berson, Joel / Church & State
The government supported its "indirect" tracing approach by arguing that cash is fungible.
Dividends-received deduction from portfolio stock by Schnee, Edward J. / Journal of Accountancy
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