Fungibility (nonfiction): Difference between revisions
No edit summary |
No edit summary |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
'''Fungibility''' is the property of a good or a commodity whose individual units are capable of mutual substitution. | '''Fungibility''' is the property of a good or a commodity whose individual units are capable of mutual substitution. | ||
== Description == | |||
Fungibility is the property of essences or goods which are "capable of being substituted in place of one another." | Fungibility is the property of essences or goods which are "capable of being substituted in place of one another." | ||
For example, since one ounce of pure | For example, since one ounce of pure gold is equivalent to any other ounce of pure gold, gold is fungible. | ||
Other fungible commodities include [[sweet crude oil (nonfiction)]], company shares, bonds, precious metals, and currencies. | Other fungible commodities include [[sweet crude oil (nonfiction)|sweet crude oil]], company shares, bonds, precious metals, and currencies. | ||
Fungibility refers only to the equivalence of each unit of a commodity with other units of the same commodity. | Fungibility refers only to the equivalence of each unit of a commodity with other units of the same commodity. | ||
| Line 11: | Line 13: | ||
Fungibility does not relate to the exchange of one commodity for another different commodity. | Fungibility does not relate to the exchange of one commodity for another different commodity. | ||
The word comes from | The word comes from Latin ''fungibilis'' from ''fungī'', meaning "to perform", related to "function" and "defunct". | ||
== In the News == | == In the News == | ||
<gallery | <gallery> | ||
</gallery> | </gallery> | ||
| Line 26: | Line 28: | ||
== Nonfiction cross-reference == | == Nonfiction cross-reference == | ||
* [[Non-fungible token (nonfiction)]] | |||
* [[Sweet crude oil (nonfiction)]] | * [[Sweet crude oil (nonfiction)]] | ||
External links | == External links == | ||
* [https://en.wikipedia.org/wiki/Fungibility Fungibility] @ Wikipedia | * [https://en.wikipedia.org/wiki/Fungibility Fungibility] @ Wikipedia | ||
* [https://en.wikipedia.org/wiki/Non-fungible_token Non-fungible token] @ Wikipedia | |||
[[Category:Nonfiction (nonfiction)]] | [[Category:Nonfiction (nonfiction)]] | ||
[[Category:Non-fungible tokens (nonfiction)]] | |||
Latest revision as of 09:09, 31 August 2021
Fungibility is the property of a good or a commodity whose individual units are capable of mutual substitution.
Description
Fungibility is the property of essences or goods which are "capable of being substituted in place of one another."
For example, since one ounce of pure gold is equivalent to any other ounce of pure gold, gold is fungible.
Other fungible commodities include sweet crude oil, company shares, bonds, precious metals, and currencies.
Fungibility refers only to the equivalence of each unit of a commodity with other units of the same commodity.
Fungibility does not relate to the exchange of one commodity for another different commodity.
The word comes from Latin fungibilis from fungī, meaning "to perform", related to "function" and "defunct".
In the News
Fiction cross-reference
Nonfiction cross-reference
External links
- Fungibility @ Wikipedia
- Non-fungible token @ Wikipedia