Fungible goods definition

Fungible goods means either of the following:

Fungible goods means goods of which any unit is, from its nature or by mercantile custom, treated as the equivalent of any other unit;

Fungible goods means any of the following:

Examples of Fungible goods in a sentence

• For illustrations of the principles of this subdivision, see paragraph (a)(3)(iv) of§ 1.954–3.(b) Fungible goods.

• Fungible goods" means: (A) goods of which any unit, by nature or usage of trade, is the equivalent of any other like unit; or (B) goods that by agreement are treated as equivalent.

• For purposesof paragraph (c) of this section, in the case of a textile or apparel good that is a yarn, fabric, or fiber, the term‘‘component of the good that determines the tariff classification of the good’’ means all of the fibers in the good.§ 10.3019 Fungible goods and materials.

• Fungible goods or materials are goods or materials that are essentially identical and interchangeable.

• Fungible goods so commingled are owned in common by the persons entitled thereto and the warehouseman is severally liable to each owner for that owner's share.

More Definitions of Fungible goods

Fungible goods means either:

Fungible goods means goods that are interchangeable for commercial purposes, whose properties are essentially identical, not practical to distinguish by the naked eye;

Fungible goods means any goods of which any unit is, by nature or usage of trade, the equivalent of any other like unit and are received by a warehouseman as fungible goods;

Fungible goods means: (A) goods of which any unit, by nature or usage of trade, is the equivalent of any other like unit; or (B) goods that by agreement are treated as equivalent.

Fungible goods means goods that are interchangeable for commercial purposes and the properties of which are essentially identical. (produits fongibles)

Fungible goods means: (A) goods of which any unit, by nature or usage

Fungible goods means goods of which any unit is by nature or usage of trade, the equivalent of any other like unit, and includes unlike units to the extent that they are treated as equivalents under a security agreement;