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Dec 30, 2003 · The meaning of FRANGIBLE is readily or easily broken. How to use frangible in a sentence. Synonym Discussion of Frangible.
- What Is Fungibility?
- Understanding Fungibility
- Fungible vs. Non-Fungible
- Special Considerations
- The Bottom Line
Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Fungible assetssimplify the exchange and trade processes because fungibility implies equal value between the assets.
Fungibility implies that two things are identical in specification. Individual units can be mutually substituted. Specific grades of commodities such as No. 2 yellow corn are fungible because it does not matter where the corn was grown. All corn that's designated as No. 2 yellow corn is worth the same amount. Commodities, common shares, options, an...
Fungible assets are of like kind, which makes them interchangeable. Non-fungible assets, on the other hand, have something unique about them that means one cannot be replaced by another. Money is another example of a fungible asset. It doesn't matter to Person A if they're repaid with a different $50 bill if Person A lends Person B a $50 bill. It's...
The line between fungibility and non-fungibility may be a thin one. Gold is generally considered to be fungible because one gold ounce is equivalent to another gold ounce. But when otherwise fungible goods are given serial numbers or other uniquely identifying marks, they may no longer be quite as fungible. Adding unique numbers to bars of gold, co...
Fungible assets are identical. One can be substituted for another without fuss or penalty. Stock shares listed on multiple exchanges are an example of fungible assets because they provide the same ownership interest regardless of who purchases them or where they're purchased. This strengthens the reliability of the asset in question and it can be a...
What does the adjective frangible mean? There are two meanings listed in OED's entry for the adjective frangible . See ‘Meaning & use’ for definitions, usage, and quotation evidence.
Sep 2, 2022 · Fungible things, or fungible assets, are items or goods that can be exchanged because they are effectively identical and carry the same value. Examples would include U.S. dollar bills, basketballs, a barrel of oil, and most stocks or bonds.
- Fungible’s meaning boils down to 'the ability to be copied or replicated, and thus, interchangeable.' That means that fungible assets, such as the...
- Fungible refers to goods or items that are interchangeable and indistinguishable from other assets of the same type. If one item can be exchanged f...
- Examples of non-fungible assets include non-fungible tokens (NFTs), real estate, artwork, and certain collectibles, such as fossils or sports memor...
frangible in British English. (ˈfrændʒɪbəl ) adjective. breakable or fragile. Collins English Dictionary. Copyright © HarperCollins Publishers. Derived forms. frangibility (ˌfrangiˈbility) or frangibleness (ˈfrangibleness) noun.
Frangible things can be broken, and they're especially likely to be described this way if they're brittle or crumbly. If your pizza crust is thin, crisp and cracker-like, you can call it frangible. The pages of a very old book you find in your attic might also be frangible.
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A material is said to be frangible if through deformation it tends to break up into fragments, rather than deforming elastically and retaining its cohesion as a single object. Common crackers are examples of frangible materials, while fresh bread, which deforms plastically, is not frangible.
