fungible – מילון אנגלי-אנגלי
fungible
adj.
(about merchandise) that can traded be or substituted, replaceable (Law); interchangeable; flexible
n.
something that can be traded or substituted
Fungibility
Fungibility is the property of a
good or a
commodity whose individual units are capable of mutual substitution. That is, it 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.
fungible
Noun
1. a commodity that is freely interchangeable with another in satisfying an obligation
(hypernym) commodity, trade goods, goods
Adjective
1. of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation
(similar) exchangeable
(classification) law, jurisprudence
fungible
(n.) = fungible ; consumable.
Ex: One of the reasons why previous studies have failed to provide meaningful techniques for measuring the value of information is the predilection to analyse information as a fungible commodity or resource.
Ex: Increasingly worrying to all however was the provision of the expensive consumables of the IT trade -disks, tapes and stationery.
fungible
