Fungibles
Fungibles Fun"gi*bles, n. pl. [LL. (res) fungibiles, probably fr. L. fungi to discharge. ``A barbarous term, supposed to have originated in the use of the words functionem recipere in the Digeste.'' Bouvier. ``Called fungibiles, quia una alterius vice fungitur.'' John Taylor (1755). Cf. {Function}.] 1. (Civ. Law) Things which may be furnished or restored in kind, as distinguished from specific things; -- called also {fungible things}. --Burrill. [1913 Webster]

2. (Scots Law) Movable goods which may be valued by weight or measure, in contradistinction from those which must be judged of individually. --Jamieson. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • fungibles — goods that are dealt with in stacks, piles, quantities or lengths. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • fungibles — Goods which are comprised of many identical parts. For example, a bushel of grain, a barrel of apples or oil, which can be easily replaced by other identical goods. One of the tests of whether items are fungible or not is whether they can be sold …   Glossary of Bankruptcy

  • fungibles — Property that is indistinguishable from other property of the same type. Fungibles are completely substitutable or interchangeable. Two examples of fungibles are pork bellies and dollar bills. American Banker Glossary Instruments that are… …   Financial and business terms

  • 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. If the goods are sold by weight or… …   Investment dictionary

  • fungibles — Items that can be interchanged without any loss in *value. Examples of fungibles include bank notes and identical units of a *commodity …   Auditor's dictionary

  • fungibles — 1) Interchangeable goods, securities, etc., that allow one to be replaced by another without loss of value. Bearer bonds and banknotes are examples. 2) Perishable goods the quantity of which can be estimated by number or weight …   Accounting dictionary

  • fungibles — 1) Interchangeable goods, securities, etc. , that allow one to be replaced by another without loss of value. Bearer securities and banknotes are examples. 2) Perishable goods the quantity of which can be estimated by number or weight …   Big dictionary of business and management

  • fungibles — Goods which are identical with others of the same nature, such as grain and oil. Mississippi State Tax Commission v. Columbia Gulf Transmission Co., 249 Miss. 88, 161 So.2d 173, 178. With respect to goods or securities, those of which any unit is …   Black's law dictionary

  • fungibles — Goods which are identical with others of the same nature, such as grain and oil. Mississippi State Tax Commission v. Columbia Gulf Transmission Co., 249 Miss. 88, 161 So.2d 173, 178. With respect to goods or securities, those of which any unit is …   Black's law dictionary

  • bienes fungibles — Derecho. Los muebles de que no puede hacerse el uso adecuado de su naturaleza sin consumirlos, y aquellos en reemplazo de los cuales se admite legalmente otro tanto de igual calidad …   Diccionario de Economía Alkona

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