The ability of a good or asset to be exchanged with other goods or assets of the same value. For instance, money is a prime example of a fungible asset, in the sense that a $1 bill is convertible into 4 quarters. Goods and assets that are non-fungible are assets that aren’t interchangeable, like owned cars and houses. Shares of stocks that are listed on multiple exchanges (or cross-listed stocks) are still considered fungible.
Fungibility
Market Terms
We don't know everything about the markets. We're just devoted to learning. Taken from those smarter than ourselves, here's how we define Fungibility.