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Fungible |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.04 sec. |
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A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour. Fungible goods are those that can readily be estimated and replaced according to weight, measure, and amount. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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To ensure the solvency of ceding insurers, and to ensure maximum fungibility of capital, there must be rules of engagement for measuring financial capital, recognition of solvency rules as established by other jurisdictions of equal standing to U. People often forget there's a lot of fungibility in that pay package of theirs. Due to the fungibility of this account, it was generally impossible to determine whether the proceeds, or a portion thereof, were used for general operating expenses or for investment. |
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