Fungibility (nonfiction): Difference between revisions
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'''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. | ||
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." | ||
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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 [[Latin (nonfiction)]] ''fungibilis'' from ''fungī'', meaning "to perform", related to "function" and "defunct". | The word comes from [[Latin (nonfiction)]] ''fungibilis'' from ''fungī'', meaning "to perform", related to "function" and "defunct". | ||
== | == In the News == | ||
<gallery mode="traditional"> | |||
</gallery> | |||
== Fiction cross-reference == | == Fiction cross-reference == | ||
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* [[Unlicensed Freelance Moralist]] | * [[Unlicensed Freelance Moralist]] | ||
== | == Nonfiction cross-reference == | ||
* [[Economics (nonfiction)]] | |||
* [[Gold (nonfiction)]] | |||
* [[Interchangeable parts (nonfiction)]] | |||
* [[Sweet crude oil (nonfiction)]] | |||
External links: | |||
* [https://en.wikipedia.org/wiki/Fungibility Fungibility] @ Wikipedia | * [https://en.wikipedia.org/wiki/Fungibility Fungibility] @ Wikipedia | ||
[[Category:Nonfiction (nonfiction)]] | [[Category:Nonfiction (nonfiction)]] | ||
Revision as of 10:20, 25 June 2016
Fungibility is the property of a good or a commodity whose individual units are capable of mutual substitution.
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 (nonfiction) 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.
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 (nonfiction) fungibilis from fungī, meaning "to perform", related to "function" and "defunct".
In the News
Fiction cross-reference
Nonfiction cross-reference
- Economics (nonfiction)
- Gold (nonfiction)
- Interchangeable parts (nonfiction)
- Sweet crude oil (nonfiction)
External links:
- Fungibility @ Wikipedia