Quantcast
 
Dictionary
Thesaurus
Encyclopedia
Translator
Web
Related Searches
Nearby Words

nonfungible

 - 3 dictionary results

fun⋅gi⋅ble

  [fuhn-juh-buhl]
–adjective Law.
(esp. of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.
Use nonfungible in a Sentence
Origin:
1755–65; < ML fungibilis, equiv. to L fung(ī) to perform the office of + -ibilis -ible

Related forms:
fun⋅gi⋅bil⋅i⋅ty, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2010.
Cite This Source Link To nonfungible
Financial Dictionary

fungible

Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's shares of Xerox left in custody at a brokerage firm are freely mixed with other customers' Xerox shares. Likewise, stock options are freely interchangeable among investors, and wheat stored in a grain elevator is not specifically identified as to its ownership.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Legal Dictionary

Main Entry: fungible
Function: noun
: something that is fungible
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
Cite This Source
Search another word or see nonfungible on Thesaurus | Reference
FacebookTwitterFollow us:
Partner Sites:
ExpediaHotelsHotwireLife123LiveDailyThe Daily BeastUrbanspoonAsk AnswersBloglinesSendori