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*'''Not fungible''': Securities from different series, even if issued by the same issuer, are ''not'' fungible with each other. | *'''Not fungible''': Securities from different series, even if issued by the same issuer, are ''not'' fungible with each other. | ||
*'''[[Non-fungible]]''': Tokenised representations of meritless gobbets of intellectual property (Banksy prints, memes, tweets etc.) that are created on a [[blockchain]] and sold to stupids are unique, by design, representations of the empty set. ''This'' picture with the lens cap on is different from ''that'' picture with the lens cap on. | |||
*'''Fungible''': Individual securities comprising part of a single series (and having a the same [[ISIN]] ''are'' fungible with each other. | *'''Fungible''': Individual securities comprising part of a single series (and having a the same [[ISIN]] ''are'' fungible with each other. | ||
There is a great divide in the bedeviling pedantry of law, the between things that are the ''same'' but somehow, over a period of time, ''different'', and things that are ''different'' but nonetheless at a given point in time, precisely the same. [[Amend]]ment describes that first class; [[fungibility]] the second. | There is a great divide in the bedeviling pedantry of law, the between things that are the ''same'' but somehow, over a period of time, ''different'', and things that are ''different'' but nonetheless at a given point in time, precisely the same. [[Amend]]ment describes that first class; [[fungibility]] the second. | ||