WebDec 31, 2024 · Merriam Webster defines “fungible” as “being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another … WebJul 13, 2013 · 1 : being of such a nature that one part or quantity may be replaced by another equal part or quantity in the satisfaction of an obligation 2 : interchangeable 3 : flexible fungible in Context Since fruits and vegetables are regarded as fungible in this diet, you are allowed a total of five servings of either or both.
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WebFungible refers to something that cannot be distinguished from another thing, it is interchangeable, substitutable or uniform. For example, if I lent somebody $10 by giving her a ten-dollar-bill, I do not mind whether … WebSep 20, 2024 · The US Commodity Futures Trading Commission (CFTC) has sued Binance, the biggest crypto exchange in the world, for regulatory violations. Because the crypto it exchanges would be classified legally as securities, that would make Binance a securities dealer, meaning they would have to register with US regulatory agencies like …
WebExchange or trade of one digital asset for another digital asset Receipt of a digital asset as payment for goods or services Receipt of a new digital asset as a result of a hard fork Receipt of a new digital asset as a result of mining or staking activities Receipt of a digital asset as a result of an airdrop WebFeb 25, 2024 · Overall, the word fungible is an adjective that refers to the concept of something being returnable or exchangeable for something equivalent in nature and …
WebDefinition of fungibility (Wikipedia): In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable and each of whose parts is indistinguishable from another part. *Everything below this line is more or less wrong or missing the actual point. WebDec 27, 2024 · “Fungibility” is commonly used in legal and economic terms to refer to an essentially exchangeable commodity; conversely, non-fungible means something that is not exchangeable. For instance, my NFT is unique and can’t be swapped out with yours: it is non-fungible. While my £5 note means the same as your £5 note: it is fungible.
WebApr 10, 2024 · Fungibility refers to the capability of mutual substitution between the individual units of a commodity or assets. Gold, for instance, is fungible because one kg of gold carries the exact same value of any other kg of gold. Therefore, currencies, bonds, shares or other commodities like oil and precious metal are all fungible in nature.
WebNov 23, 2003 · Fungibility is the ability of a good or asset to be readily interchanged for another of like kind. Like goods and assets that are not interchangeable, such as owned cars and houses, are... chainsaw upgradesWeb19 hours ago · The Court reasoned that Congress could prohibit purely personal cultivation of medicinal marijuana if it "enacted comprehensive legislation to regulate the interstate market in a fungible ... happy and you know it cd 1WebMar 17, 2024 · An NFT is a digital asset that can come in the form of art, music, in-game items, videos, and more. They are bought and sold online, frequently with … chainsaw used ebayWebWhat Does Fungibility Mean? Fungibility is a feature of a commodity or a good, which, if possessed, means that the units of the particular good or commodity are interchangeable. ... However, despite the price … happy and you know it guitar chordsWebFungible commodities include sweet crude oil, company shares, bonds, other precious metals, and currencies. Fungibility refers only to the equivalence and … happy and you know it greg and steveFungible goods refer to securities, or other items, that are equivalent or consist of many identical parts such that, for practical purposes, they are interchangeable. Material items, securities, and other financial instruments may be considered fungible goods. If goods are sold by weight or number, then they are … See more In finance and investing, commodities, common shares, options, and dollar bills are examples of fungible goods. The term "fungible" is not identical with barter or liquidity. A good traded by barter is not necessarily … See more Assets like diamonds, land, or baseball cards are not fungible because each unit has unique qualities that add or subtract value. For instance, because individual diamonds have different cuts, colors, sizes, and grades, … See more When fungibles are given numbers, they may no longer be fungible. Adding unique numbers to bars of gold, collectibles, and other fungibles makes it possible to distinguish them. Thus, they may no longer be fungible in … See more happy and you know it for kidsWebfungible See definition of fungible on Dictionary.com as in exchangeable as in interchangeable synonyms for fungible Compare Synonyms convertible commutable complementary correlative equivalent mutual reciprocal replaceable returnable substitutable substitutive transmutable chainsaw used parts