Fungible: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
|||
Line 3: | Line 3: | ||
====Examples==== | ====Examples==== | ||
For example shares in a company can be described as fungible as you can replace those shares with other equivalent shares in the same company. However, shares of an | For example shares in a company can be described as fungible as you can replace those shares with other [[equivalent]] shares in the same company. However, shares of an “equivalent” value in another company would not be considered a valid replacement. | ||
Money can also be considered a fungible asset. If you borrow £10 from someone, you do not need to give the same £10 note back. You could give that person another £10 note, or two £5 notes, or any combination of coins that add up to £10 (as long as they are happy to accept that | Money can also be considered a fungible asset. If you borrow £10 from someone, you do not need to give the same £10 note back. You could give that person another £10 note, or two £5 notes, or any combination of coins that add up to £10 (as long as they are happy to accept that many coppers!) |