Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. the property of a good or a commodity whereby individual units are capable of mutual substitution.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. the quality of being capable of exchange or interchange

Etymologies

From fungible + -ity. (Wiktionary)

Examples

  • The key work is "fungibility" -- the ability to move in and out of like systems and processes.

    E-Commerce Times

  • As long as rival exchanges' contracts are not fully interchangeable with those traded on NYSE and Deutsche Börse's markets—a process known as fungibility—the incumbents' existing critical mass will win out.

    EU Has 3 Main Objections to NYSE-Deutsche Börse Deal

  • European and U.S. cash equities markets are "horizontal" in that securities can trade on any venue -- called fungibility -- and they are cleared on separate entities such as London-based LCH.Clearnet.

    Reuters: Press Release

  • Trippi explains to everyone what "fungibility" is.

    TV SoundOff: Sunday Talking Heads

  • Letting traders migrate contracts from one exchange to another has been seen as a step toward "fungibility" in U.S. futures markets, which would permit investors to trade contracts at one venue and post collateral at another.

    CME Fighting Rival's Push Into Futures

  • The IBM fellow and vice president for architecture and technology for IBM's x86 servers says the interchangeability, or "fungibility," of the x86 platform is what made it so popular.

    Latest from Computerworld

  • Those factors still are in the price of a lot of those commodities, but as a broader economy and the fungibility of investments, there are other things that factor into those prices beyond just supply and demand.

    Transcript: Walter Lukken

  • The Securities and Exchange Board of India said fungibility of these receipts isn't permitted, only redemption.

    Depository Receipts May be Redeemed After a Year

  • "Allowing redemption freely in the absence of two-way fungibility could result in reduction of number of IDRs listed, thereby impacting its liquidity in the domestic market," the regulator said.

    Depository Receipts May be Redeemed After a Year

  • You could embargo Saudi oil to get the same result (if you can find a way around the fungibility problem) and raise domestic oil prices by the same amount -- but that would be even better for domestic producers, because the amount of the tariff would go to them rather than the gov't.

    Oil Import Tariff?, Arnold Kling | EconLog | Library of Economics and Liberty

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