Fungible from a settlement perspective means that amounts/fractions of a certain security issue
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
The platform’s automated property tokenization feature eliminates the complexities of manual processes, providing users with digitally secure and unique assets represented by Non- Fungible Tokens (NFTs).
Fungible tokensA fungible token is like a currency and will always have the same value, which can be replaced by another token with the same value.When Ethereum was created there was no standard for tokens, which led to many compatibility issues as each token had a smart contract and therefore the platform had to write new code for each transaction and wallet.
KEYWORDSNFT, Token, Blockchain, Marketplace, Asset, Ethereum, Fungible.
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 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 all securities deposited at the CSD of the DSE that are freely interchangeable with another in satisfying an obligation;
Fungible means, in relation to materials, materials which, once incorporated into the finished goods—
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.