- fungible goods or securities
- Goods or securities of which any unit is, by nature or usage of trade, the equivalent of any other like unit. UCC § 1-201(17).
Ballentine's law dictionary. Anderson, W.S.. 1998.
Ballentine's law dictionary. Anderson, W.S.. 1998.
fungible — fun‧gi‧ble [ˈfʌndʒbl] adjective 1. COMPUTING fungible things can be exchanged for another amount of the same thing, or used instead of another thing: • External PC and Mac modems are generally fungible, swapping them usually requires new cables … Financial and business terms
fungible things — Sometimes called fungibles, they are goods which are interchangeable, often sold or delivered in bulk, since any load is as good as another. Grain or gravel are fungibles, as are securities which are identical. Category: Business, LLCs &… … Law dictionary
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fungibles — Goods which are identical with others of the same nature, such as grain and oil. Mississippi State Tax Commission v. Columbia Gulf Transmission Co., 249 Miss. 88, 161 So.2d 173, 178. With respect to goods or securities, those of which any unit is … Black's law dictionary
fungibles — Goods which are identical with others of the same nature, such as grain and oil. Mississippi State Tax Commission v. Columbia Gulf Transmission Co., 249 Miss. 88, 161 So.2d 173, 178. With respect to goods or securities, those of which any unit is … Black's law dictionary
good — 1 adj bet·ter, best 1: commercially sound or reliable a good risk 2 a: valid or effectual under the law b: free of defects 3 a: characterized by honesty and fairness b: conforming to a standard of vi … Law dictionary
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Short (finance) — Schematic representation of short selling in two steps. The short seller borrows shares and immediately sells them. He then waits, hoping for the stock price to decrease, when the seller can profit by purchasing the shares to return to the lender … Wikipedia
market — Usually refers to the equity market. The market went down today means that the value of the stock market dropped that day. Bloomberg Financial Dictionary * * * ▪ I. market mar‧ket 1 [ˈmɑːkt ǁ ˈmɑːr ] noun 1. [countable] COMMERCE the activity of… … Financial and business terms
bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… … Universalium