Fungible definition

Fungible from a settlement perspective means that amounts/fractions of a certain security issue (designated
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”)

Examples of Fungible in a sentence

  • A "Fungible Batch" is a quantity of petroleum product meeting carrier's established specification which may be commingled with other quantities of petroleum product meeting the same specification.

  • Fungible items that are regularly used up or worn out and must be routinely replaced are not considered essential.

  • 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).

  • Updating Index Version of Fungible Contracts After a Credit Event or a Succession Event; Updating Relevant Untranched Standard Terms Supplement.

  • The overall fees upto 2.5% for Regular Plan and 2% for direct pan would be Fungible as per current SEBI regulation.


More Definitions of Fungible

Fungible means Identical contract specifications and therefore capable of being freely exchangeable or replaceable.
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 a characteristic of a digital asset which makes the asset commercially interchangeable with digital assets of the same kind;
Fungible means all securities deposited at the CSD of the DSE that are freely interchangeable with another in satisfying an obligation;
Fungible means goods or securities of which any unit is, by nature or usage of trade, the equivalent of any other like unit. Goods which are not fungible shall be deemed fungible for the purposes of the Uniform Commercial Code to the extent that according to a particular agreement or document unlike units are treated as equivalents.
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