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Fungible |
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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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It is important for brokers to emphasize that all homes are not equal and that real estate is not fungible. The archdiocese, of course, treats this money as fungible, usable for settlements or any other church purpose as it desires. The government supported its "indirect" tracing approach by arguing that cash is fungible. |
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