0
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.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is a non tort law suit?
Torts are civil wrongs recognized by law as grounds for a lawsuit.
What is the difference between statutory law and custom law?
Statutory law is always a written law pertaining to a specific region. Custom (or customary law) is a non-written, but generally practised law. For instance, many aboriginal communities around the world incorporate customary law into their society based on historical community standards.
Who are exempted to study rizal law?
All non-filipinos are exempted in the study of the life and works of rizal.
What doest the tort law try to do?
Prevent people from performing non-criminal acts that harm other people.
What is difference between noting and protesting?
In simple words, the difference between Noting and Protesting: Noting is Recording of Non Payment of the bill expressing the displeasure by competant officials like Notary/Advocate.Protesting is declaring/countering non payment in official form prompting to wage a war through court of law
Why are NFTs (non-fungible tokens) trending?
greed
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 is fungible?
Production of rice.
Does fungible mean interchangeable?
Yes it does
What is in example of fungible good?
potatoe
What is example of fungible good in economics?
potatoe
What is the purpose of a supply schedule?
what is a fungible good
Is the best example of a fungible good apex?
Potatoes
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 the difference between a fungible good and nonfungible good?
A fungible item can be thought of as a "liquid asset". Usually it can be converted to monetary assets, but it may take more than one step in that process.
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 does Roger Penrose mean by saying that the mind is a fungible material?
it means they understand you or understood
