fungibles
Mutually substitutable items
Fungibles are items that can be freely exchanged for others of the same kind because each unit is identical in value and function.
Money is the classic example—one dollar bill is interchangeable with any other.
Commodities like grain or oil are fungibles; unique items like artwork are not.
The term appears frequently in legal and financial contexts: The contract specified delivery of fungibles.
In cryptocurrency discussions, fungibles contrast with NFTs (non-fungible tokens), which represent unique digital assets.
Currency for transactions
euros · yen · pounds · cryptocurrency · tokens · stablecoins · fiat · legal tender
State of being equal
- substitutabilityCapacity for exchange
- replaceabilityQuality of being substitutable
- standardizationImplementing uniform technical specifications
- homogeneityState of sameness throughout
uniformity · commutability · indistinguishability · parity · exchangeability · convertibility · sameness · anonymity
Mutual giving and receiving
- swapExchange one for another
- barterDirect goods-for-goods exchange
- transactionExchange of goods/money
- settlementResolved dispute or colony
clearing · futures trading · arbitrage · hedging · speculation · market · commodity exchange · trading floor
Element seventy-nine
- silverLustrous white precious metal
- oilSlippery viscous fluid
- wheatCereal crop for flour
- cornCereal grown on cobs
soybeans · rice · copper · platinum · coffee · sugar · cotton · lumber
Ownership stakes or inventory
- bondsTies that unite
- sharesUnits of company ownership
- optionsAvailable courses of action
- futuresContracts for future delivery
derivatives · ETFs · mutual funds · warrants · swaps · forwards · currencies · index funds
money
Currency for transactions
dollars · euros · yen · pounds · cryptocurrency · tokens · stablecoins · fiat · legal tender · medium of exchange
equivalence
State of being equal
- substitutabilityCapacity for exchange
- replaceabilityQuality of being substitutable
- standardizationImplementing uniform technical specifications
homogeneity · uniformity · commutability · indistinguishability · parity · exchangeability · convertibility · sameness · anonymity · undifferentiated
exchange
Mutual giving and receiving
- swapExchange one for another
- barterDirect goods-for-goods exchange
- transactionExchange of goods/money
settlement · clearing · futures trading · arbitrage · hedging · speculation · market · commodity exchange · trading floor · bid
gold
Element seventy-nine
corn · soybeans · rice · copper · platinum · coffee · sugar · cotton · lumber · natural gas
stocks
Ownership stakes or inventory
futures · derivatives · ETFs · mutual funds · warrants · swaps · forwards · currencies · index funds · certificates of deposit
fungiblesnon-fungibles
Items lacking interchangeable equivalents
one-of-a-kind items · collectibles · antiques · originals · NFTs
fungiblescollectibles
Items people amass
antiques · fine art · vintage items · artworks · one-offs
- non-fungible tokensBlockchain-verified unique digital assets