Fungible definition

Fungible from a settlement perspective means that amounts/fractions of a certain security issue

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Fungible in relation to securities means securities of which any unit is, by nature or usage of trade, the equivalent of any other like unit; (“fongibles”)

Fungible means that the particular materials or goods are interchangeable for commercial purposes and have essentially identical properties.

Examples of Fungible in a sentence

Accordingly the Promoter is now obliged to pass on the benefit of the same to the Allottee/s who purchased the Apartments constructed by utilizing Fungible compensatory FSI availed under above referred notifications by the Promoter.
The Promoter further states that, from the base FSI derived from construction of Rehab Component and from the Fungible compensatory FSI purchased by the Promoter, the Promoter shall be constructing Stilt plus 8 podiums plus 1 Amenity Floor plus 37 upper Residential floors.
Upon the exercise by any Member of the Class B Conversion Right, all Fungible Class B Units held by all Members shall be so converted.
Fungible materials means materials which are interchangeable for commercial purposes, whose properties are essentially identical, and between which it is impractical to differentiate by a mere visual examination.
Any Fungible Notes will be constituted and secured by a further Drawdown Deed and such further security will be consolidated with the existing Secured Property so that such consolidated Secured Property secures both such existing Notes and the Fungible Notes, even if this means that new security is given over the Secured Property for the existing Notes (as well as for the Fungible Notes).

More Definitions of Fungible

Fungible means Identical contract specifications and therefore capable of being freely exchangeable or replaceable.

Fungible means a characteristic of a digital asset which makes the asset commercially interchangeable with digital assets of the same kind;

Fungible means goods which are identical with others of the same nature which by usage or trade, can replace another unit and goods that are not fungible shall be deemed fungible for the purposes of this Act to the extent that under a particular agreement or document, unlike units are treated as equivalents;

Fungible means all securities deposited at the CSD of the DSE that are freely interchangeable with another in satisfying an obligation;

Fungible means that, for the purposes of an obligation, a unit of that asset of the relevant description is indistinguishable and wholly interchangeable with another unit of the same asset and description.

Fungible means, in relation to materials, materials which, once incorporated into the finished goods—

Fungible from a settlement perspective means that amounts/fractions of a certain security issue (designated by a specific ISIN) are interchangeable during the settlement process and that no additional security identifier relating to a specific balance or part of a balance is required to complete valid settlement.