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{{a|glossary|}}''Warning: metaphysical area approaching. Approach stacked turtles with care.''<br> | {{a|glossary|}}''Warning: metaphysical area approaching. Approach stacked turtles with care.''<br> | ||
{{quote|{{d|Equivalent|/ɪˈkwɪvələnt/|adj|}}<br> | {{quote|{{d|Equivalent|/ɪˈkwɪvələnt/|adj|}}<br> | ||
1. ''Finance'': In comparison to something else, ''exactly'' the same. [[Fungible]]. Interchangeable in every respect. If a [[security]], from the same series; having the same [[ISIN]]. Not just “broadly similar”. | 1. ''Finance'': In comparison to something else, ''exactly'' the same. [[Fungible]]. Interchangeable in every respect. If a [[security]], from the same series; having the same [[ISIN]]. Not just “broadly similar”. | ||
2. ''Colloquial'': One thing that is equal to or corresponds with another thing in value, amount, function, meaning, etc., ''without'' being exactly the same thing. | 2. ''Colloquial'': One thing that is equal to or corresponds with another thing in value, amount, function, meaning, etc., ''without'' being exactly the same thing. | ||
"Banque de France is the French equivalent of the Bank of England".}} | "Banque de France is the French equivalent of the Bank of England". | ||
'''Financial “equivalence” is not, er, [[equivalent]], to colloquial “equivalence”.'''}} | |||
When you get given something — [[credit support]], for example — that at some point you’ll have to give back, the deal is you have to give an ''identical'' thing back. | When you get given something — [[credit support]], for example — that at some point you’ll have to give back, the deal is you have to give an ''identical'' thing back. | ||