Fungibility
id:
fungibility-235-7825833
title:
Fungibility
text:
In economics and law, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable. In legal terms, this affects how legal rights apply to such items. Fungible things can be substituted for each other; for example, a $100 bill (note) is considered entirely equivalent to twenty $5 bills (notes), and therefore a person who borrows $100 in the form of a $100 bill can repay the money with twenty $5 bills. There is no requirement to return the same $100
brand slug:
wiki
category slug:
encyclopedia
description:
Interchangeability of a commodity
original url:
https://en.wikipedia.org/wiki/Fungibility
date created:
date modified:
2024-02-22T21:52:07Z
main entity:
{"identifier":"Q1474273","url":"https://www.wikidata.org/entity/Q1474273"}
image:
fields total:
13
integrity:
14