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How do you use fungible in a sentence?
If something is fungible it can be broken into pieces without losing much of its value. Something is fungible or it is not. Gold can be melted down and split into smaller bars with no loss of value, therefor it is fungible. Gasoline is fungible, you can sell two half gallons for the same price as a single gallon. A race horse is not fungible. An iPod is not fungible. A rare coin is not fungible. You're not fungible. Hope this helps.
What does funjable mean?
The word "fungible" means "interchangeable". This is typically used for money; money is transferable, interchangeable.
What is the difference between a fungible good and nonfungible good?
A fungible good is interchangeable with another identical unit, such as currency or oil, whereas a nonfungible good is unique and not interchangeable, such as art or real estate. Fungible goods can be exchanged on a one-to-one basis, while nonfungible goods have distinct characteristics that differentiate them from each other.
Why is cash considered to be more important than inventory?
Probably because cash is fungible (mutually interchangeable and inventory is not.
Is work the best example of a fungible good?
Work is not typically considered a fungible good. Fungible goods are items that can be exchanged or replaced with one another without loss of value, like currency or commodities. While labor can be exchanged for wages, the quality and nature of work can vary greatly among individuals and roles, making it less interchangeable than classic fungible goods. Thus, the uniqueness of skills and contributions in work settings distinguishes it from true fungibility.
What does Roger Penrose mean by saying that the mind is a fungible material?
When Roger Penrose describes the mind as a "fungible material," he is suggesting that consciousness arises from physical processes in the brain that are adaptable and interchangeable, rather than being rooted in a fixed, non-physical substance. This perspective challenges the idea of a singular, immaterial mind and emphasizes the dynamic nature of mental phenomena.
What does fungible fsi mean?
"Fungible FSI" refers to fungible Floor Space Index, a planning tool that allows for the transfer of development rights. It means that the additional floor area that can be unlocked through this mechanism can be used interchangeably across properties within a defined region, providing flexibility in urban development.
What is fungible mean in Term of financial?
If an asset is fungible, then all that means is it has the same terms, conditions, and rights as other assets in the same pool. Hence, one asset can be substituted or exchanged for another asset freely. Eg, the additional issue of ordinary shares of a company are fungible to the ordinary shares that are currently issued in the market.
What is homogeneous commodity?
These are goods which have the quality of substitutability. In law they are sometimes described as fungible. Basically if you want a pound of rice from a sack of rice, it doesn't matter which grains from the sack you get, because all of the grains in the sack are interchangeable.
What is non fungible in law?
FIRST to define "fungible:" Funglibles are goods which are interchangeable, often sold or delivered in bulk, since any one of them is as good as another. Fungible goods have no distinguishing characteristics from others of like kind, such as grains or oils, so that they can be easily replaced or substituted. When items are sold by weight or number, that is an indication that they may be fungible goods." (See below link)Therefore, non fungibles are anything the above definition does not include or to which it does not apply.
What is fungible?
Production of rice.
What is in example of fungible good?
potatoe
