fungible things
Sometimes called "fungibles," they are goods which are interchangeable, often sold or delivered in bulk, since any load is as good as another. Grain or gravel are fungibles, as are securities which are identical.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

fungible things
n.
   sometimes merely called "fungibles," goods which are interchangeable, often sold or delivered in bulk, since any one of them is as good as another. Grain or gravel are fungibles, as are securities which are identical.

Law dictionary. . 2013.

Look at other dictionaries:

  • fungible things — Fungibles Fun gi*bles, n. pl. [LL. (res) fungibiles, probably fr. L. fungi to discharge. A barbarous term, supposed to have originated in the use of the words functionem recipere in the Digeste. Bouvier. Called fungibiles, quia una alterius vice… …   The Collaborative International Dictionary of English

  • fungible things —    Interchangeable goods, which are often sold or delivered in bulk, such as oil, wheat, bolts, lumber or identical securities. Also known as fungibles …   Business law dictionary

  • fungible — fun‧gi‧ble [ˈfʌndʒbl] adjective 1. COMPUTING fungible things can be exchanged for another amount of the same thing, or used instead of another thing: • External PC and Mac modems are generally fungible, swapping them usually requires new cables …   Financial and business terms

  • res — /riyz/ The subject matter of a trust or will. In the civil law, a thing; an object. As a term of the law, this word has a very wide and extensive signification, including not only things which are objects of property, but also such as are not… …   Black's law dictionary

  • Fungibles — Fun gi*bles, n. pl. [LL. (res) fungibiles, probably fr. L. fungi to discharge. A barbarous term, supposed to have originated in the use of the words functionem recipere in the Digeste. Bouvier. Called fungibiles, quia una alterius vice fungitur.… …   The Collaborative International Dictionary of English

  • List of law topics (F-M) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… …   Wikipedia

  • compensation — com·pen·sa·tion /ˌkäm pən sā shən/ n 1: the act of compensating 2 in the civil law of Louisiana: the ending of mutual obligations between two people for money or quantities of fungible things usu. by operation of law but sometimes by an agreement …   Law dictionary

  • mutuum — noun a) a loan in Roman and civil law of fungible things to be restored in similar property of the same quantity and quality b) a contract in which movables are so loaned …   Wiktionary

  • pecunia — /pakyuwn(i)ya/ In old English law, goods and chattels. In the civil law, property in general, real or personal; anything that is actually the subject of private property. In a narrower sense, personal property; fungible things. In the strictest… …   Black's law dictionary

  • pret a interet — /prey a abnterey/ Loan at interest. A contract by which one of the parties delivers to the other a sum of money, or commodities, or other movable or fungible things, to receive for their use a profit determined in favor of the lender …   Black's law dictionary

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