Fungible

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Fungible

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.

References in periodicals archive ?
The fungibility argument has long been the justification for attacks against the U.
Ownership of development priorities is, therefore, muddled and negotiations can often be laden with unhelpful backchannel arguments, leading to an increase in fungibility when donors get their way.
Nussbaum's discussion also identifies characteristics that isolate Acropolistis particularly, and foremost among these is fungibility (iv).
Conversion of shares into IDRs under the Fungibility Programme remains available on a continuous basis, the bank added.
Anomalies: Saving, fungibility, and mental accounts.
However there is ground to think that fungibility is not as big a problem as is sometimes perceived.
There can be no doubt about the fungibility of funding within terrorist organizations.
Reiman calls this the fungibility of material and social subjugation.
Its configurators premises, as originally proposed by Roxin, are: a rigid hierarchical power structure, its dissociation in relation to law and its fungibility of direct executors, so that the apparatus works automatically.
First, this interest lies in the institution of compensation (article 1143 of the Civil Code) that assumes the existence of the fungibility as an object between the two compensated obligations.
The government will buy back the off-the-run issues and offer on- the-run bonds with high liquidity, while increasing the on-the-run issues through the extension of fungibility from one year to two years.
In its interactive ratings of Takaful companies, Standard & Poor's is of the opinion that there is real fungibility from shareholder funds (and the attaching assets) to the Takaful fund if the latter is in deficit (unless demonstrated otherwise).