Dictionary fungible
WebMar 30, 2024 · Adjective [ edit] fungible ( comparative more fungible, superlative most fungible ) ( finance and commerce) Able to be substituted for something of equal value … WebMar 17, 2024 · Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. And after Christie's auction house sold the first-ever NFT artwork — a …
Dictionary fungible
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Webfungible noun [ C ] uk / ˈfʌndʒəbl / us COMMERCE, FINANCE, LAW something such as a currency, share, or goods, that can easily be exchanged for others of the same value and type: Several million dollars of fungibles were illicitly moved from the bank. fungibility noun [ U ] Cash has the advantage of fungibility. WebOct 24, 2024 · Non-fungible definition The definition of a fungible asset is as follows: (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in...
WebNon-fungible tokens (NFTs) are digital code on a blockchain comprised of unique identification codes and metadata that distinguish them from one another. The following terms, which are used throughout this statement, are not legal definitions but are rather functional descriptions that the Department has developed based on how the terms are ... WebOf goods or products, that they are all of a kind, not unique, and replaceable by other goods of the same kind; for example, crops are fungible while a painting by Rembrandt is not. Webster's New World Law (finance and commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable. Wiktionary
WebApr 2, 2024 · fungible in British English (ˈfʌndʒɪbəl ) law noun 1. (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc adjective 2. having the nature or quality of fungibles 3. (of a commodity or asset) replaceable or interchangeable with another of the same type Collins English Dictionary. WebApr 8, 2024 · noun. 1. (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc. adjective. 2. having the nature …
Webnoun. : something that is fungible (see fungible entry 1 sense 1) : a good one part or quantity of which can be substituted for another of equal value in satisfying an …
WebFungible refers to items or commodities that can be exchanged with other assets or commodities of the same type. For example, currency is a fungible asset because it can … dx universal nano hybrid light cure compositeWebDefinition and examples. Fungible refers to something that cannot be distinguished from another thing, it is interchangeable, substitutable or uniform. For example, if I lent somebody $10 by giving her a ten-dollar … dx-velocity-dxWebSep 2, 2024 · How do you define fungible? Fungible’s meaning boils down to “the ability to be copied or replicated, and thus, interchangeable.” That means that fungible assets, such as the aforementioned U.S. dollar, have equal value to other dollars. crystal on real housewives most hatedWebMar 30, 2024 · Adjective [ edit] fungible ( comparative more fungible, superlative most fungible ) ( finance and commerce) Able to be substituted for something of equal value or utility. Synonyms: interchangeable, exchangeable, replaceable. Antonym: nonfungible. 1649, Antony Ascham, Of the confusions and revolutions of governments, 30 : dxva checker githubWebNon-fungible more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a- kind trading card, however, is non -fungible. If you traded it for a different card, you’d have something completely ... dxvk assassin\u0027s creed odysseyWebSynonyms of fungible 1 : being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account Oil, wheat, and lumber are fungiblecommodities. fungiblegoods 2 : capable of mutual substitution : interchangeable crystal on railsWebApr 8, 2024 · Fungibility is the property of being exchangeable for other assets of the same kind without any change in value or usability. For instance, a U.S. dollar is fungible, … dxu seattle