fungible

(noun)

Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable

Related Terms

Examples of fungible in the following topics:

  • Types of Financial Markets

    • A financial market is an aggregate of possible buyers and sellers of financial securities, commodities, and other fungible items, as well as the transactions between them.

  • Role of Financial Markets in Capital Allocation

    • A financial market is an aggregate of possible buyers and sellers of financial securities, commodities, and other fungible items and the transactions between them .