fungible investment & finance definition
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Interchangeable. Fungible products can be substituted for each other for shipment or storage purposes. Options that have the same strike price and expiration date also are fungible.
Fungibles
Goods, securities or instruments that are equivalent and, therefore, interchangeable. In other words, they are goods that consist of many identical parts which can be easily replaced by other, identical goods.
Fungible -- Interchangeable. Products that can be substituted for purposes of shipment or storage.
Fungibles:
Instruments that are equivalent, substitutable and interchangeable in law. May apply to certain exchange traded currency contracts offered on a number of exchanges.
Furthest month: ...
A fungible, generic item such as copper, oil, cocoa and so forth that can be bought and sold pretty much on quantity alone. Trading in commodities is a highly risky endeavor best left to professionals.
Gasoline is a fungible commodity; it can be traded around the world. And now you're competing with drivers in Canada, Mexico, Europe, Brazil and China for every gallon of gasoline.
The Indian depository Receipts shall not be automatically fungible into underlying equity shares of issuing company. IDR Holders can convert IDRs into underlying equity shares only with the prior approval of the Reserve Bank of India (RBI).
Security is a fungible, transferable instrument representing financial value. Securities broadly categorized into debt securities, such as bonds and debentures, and equity securities, such as common stocks.
Options listed on national exchanges are fungible, while over-the-counter options generally are not. Classes of options listed and traded on more than one national exchange are referred to as multiple-listed / multiple-traded options.
BIG Dow futures ($25 multiplier), mini-sized Dow futures ($5 multiplier), and DJIA futures ($10 multiplier) are fungible contracts.
Daily Price Limit
Successive 10%, 20%, and 30% limits. For details, please see CBOT Regulation 1008.01.
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.
The future contracts which are commonly traded on the majority of organized exchanges are so highly standardized that they are given the label of fungible - which means that they can be easily substitutable for one for another.
Fungibility: The characteristic of interchangeability. Futures contracts for the same commodity and delivery month are fungible due to their standardized specifications for quality, quantity, delivery date and delivery locations.
of a specific issue (e.g., in order to make delivery on a transaction) often finds it difficult to locate identical securities elsewhere in the market. The features of securities that must be identical in order for them to be considered fungible for ...
fungible Having the characteristic of being interchangeable. The term is often used to... furthest month The month of an option contract or futures contract which has the latest delivery date. Also known as far month.
 See also: Market, Contract, Options, Trading, Future
  
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