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Fungibility
The characteristic of interchangeability. Futures contracts for the same commodity and delivery month are fungible due to their standardised specifications for quality, quantity, delivery date and delivery locations.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Commodity exchange
- Company:
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- Acronym-Abbreviation:
Other Languages:
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