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Fungible
(redirected from fungibility)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

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.



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Its divisibility and fungibility made it easy to pay in increments.
When coupled with a precise understanding of equipment fungibility, utilization and availability, unit tracking becomes a major advantage to the companies in the supply chain and, ultimately, to the end-customer.
Except what I'm seeing is we're starting to see a destruction of the fungibility of these commodity markets.
 
 
 
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