Fungibles


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Fungibles

Assets in which one unit is completely interchangeable with another. For example, there is no difference between one ounce of gold of a given quality and one ounce of gold of exactly the same quality. Money is another example of a fungible asset: $10 in cash is $10 in cash whether the bills are crisp and new or old and tattered. Some investment vehicles are fungible, while others are not. Standardized contracts such as options and futures are largely fungible, while forward contracts are not. Fungible assets are more liquid than non-fungible assets.
References in periodicals archive ?
Por ultimo, en la zona de actividades sociales no se aprecian diferencias en funcion del tipo de centro ni su ubicacion puesto que en el 83'33% de los publicos y el 33'33% de los privados asi como en el 41'67% de los urbanos y el 10'0% de los rurales los materiales mas utilizados son los no fungibles moviles.
I've discovered a great new word that I can't wait to share with you: fungible.
Suministro de material de extraccin de sange, productos qumicos y fungible para los Laboratorios del rea de Diagnstico Biomdico del Servicio Riojano de Salud.