Fungible law definition
WebA term used in the civil, French, and Scotch law, it signifies anything whatever, which consists in quantity, and is regulated by number, weight, or measure; such as corn, wine, or money. PROMUTUUM civil law. A quasi contract, by which he who receives a certain sum of money,…. FUNGIBLE THINGS Movable goods which may be estimated and replaced ... WebFungible. A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour. Fungible goods are those that can readily be …
Fungible law definition
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Webfun· gi· ble ˈfən-jə-bəl. Synonyms of fungible. 1. : being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account. Oil, wheat, and lumber … WebFungible. A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour. Fungible goods are those that can …
WebFungible Definition. When something can be fully replaced by another item of the same kind. A classic example of a fungible item is money. Webnoun Law Something that is fungible. from The Century Dictionary. Capable of being replaced by another in respect of function, office, or use. noun In the civil law, a thing of such a nature that it may be replaced by another of equal quantity and quality; a movable which may be estimated by weight, number, or measure, as grain or money.
WebOf goods or products, that they are all of a kind, not unique, and replaceable by other goods of the same kind; for example, crops are fungible while a painting by Rembrandt is not. Webster's New World Law (finance and commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable. Wiktionary WebFUNGIBLE THINGS TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. Movable goods which may be estimated and replaced according to weight, measure, and number. Things belonging to a class, which do not have to be dealt with in specie.
WebFungible fungible adj [New Latin fungibilis, from Latin fungi to perform]: being something (as money or a commodity) one part or quantity of which can be substituted for another …
WebA term used in the civil, French, and Scotch law, it signifies anything whatever, which consists in quantity, and is regulated by number, weight, or measure; such as corn, wine, … mechanics errors in writingWebApr 18, 2024 · Fungible goods refer to securities, or other items, that are equivalent or consist of many identical parts such that, for practical purposes, they are interchangeable. Material items, securities,... mechanics emtWebfungible noun [ C ] uk / ˈfʌndʒəbl / us COMMERCE, FINANCE, LAW something such as a currency, share, or goods, that can easily be exchanged for others of the same value … mechanics emojiWebfungible things n. sometimes merely called "fungibles," goods which are interchangeable, often sold or delivered in bulk, since any one of them is as good as another. Grain or … mechanics emerald qldWebDec 15, 2015 · Definition: Maintains its value over time. Use: Can be spent or exchanged at a later date without penalty. Example: An ounce of gold could buy a toga in Roman times, yet it can still buy a nice suit today. In other words, money must meet be: Divisible: Can be divided into smaller units of value. Fungible: One unit is viewed as interchangeable ... mechanics elthamWebFungible definition: Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain. peluche ours ikeaWebApr 4, 2024 · Published: 04 Apr 2024. On 21 February 2024, the Minister for Women and Equalities asked for our advice on the definition of the protected characteristic of sex in the Equality Act 2010. Section 11 of the Equality Act 2006 allows the Equality and Human Rights Commission (EHRC) to advise the UK Government on the effectiveness of … mechanics engineering physics