Interchangeable Products which can be substituted for purposes of shipment or storage
a commodity that is freely interchangeable with another in satisfying an obligation
{s} (about merchandise) that can traded or substituted, replaceable (Law); interchangeable
Uniform and consistent quality from lot to lot A characteristic required of a commodity before it can be traded on an organized exchange Commodity futures markets are said to be fungible
\FUN-juh-bul\, adjective: 1 (Law) Freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation 2 Interchangeable
a commodity that is freely interchangeable with another in satisfying an obligation of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation
During the transitional period, transactions in either NCDs or euro units can be credited or debited to the same account with no conversion
n and adj Capable of mutual substitution in use or satisfaction of a contract A commodity or service whose individual units are so similar that one unit of the same grade or quality is considered interchangeable with any other unit of the same grade or quality Examples-tin, grain, coal, sugar, money, etc
The characteristic of interchangeability Futures contracts for the same commodity or financial instrument and delivery month are fungible due to their standardized specifications for quality, quantity, delivery date and delivery locations
The characteristic of interchangeability Futures contracts for the same commodity and delivery month are fungible due to their standardized specifications for quality, quantity, delivery date and delivery locations
the interchangeability of allowances, credits, and/or offsets, assuming that each unit represents a consistently measured and standardized quantity of emissions
The inherent characteristic of existing in many separate units, each of which is the same as, and can be used in place of any other unit Municipal securities are considered generally to lack fungibility because, given the large number of issues and the relatively small principal amount outstanding on most issues, a person seeking to replace securities of a specific issue (e g , in order to make delivery on a transaction) often finds it difficult to locate identical securities elsewhere in the market The features of securities which must be identical in order for them to be considered fungible for delivery purposes are specified in MSRB Rules G-12(e) and G-15(c)
The substitutability of listed options, which is dependant upon their common expiration dates and strike prices The congruence of expiration dates and strike prices give the investor the power of closing their positions by putting offsetting transactions through the options clearing corporation
The substitutability of listed options, which is dependent upon their common expiration dates and strike prices The congruence of expiration dates and strike prices lets investors close positions by offsetting transactions through the options clearing corporation