Fungibility
Definition
The characteristic of interchangeability. Futures contracts for the same commodity and delivery month traded on the same exchange are fungible due to their standardized specifications for quality, quantity, delivery date, and delivery locations.
Related Terms Other terms related to 'Fungibility' starting with the letter 'F' Forced Liquidation, FAN Five Against Note Spread, Force Majeure, Futures Contract, Freddie Mac Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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