- fungible goods
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fungible goods see good 2
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
fungible goods
Look at other dictionaries:
fungible goods — Goods, every unit of which is similar to every other unit in the mass; e.g. uniform goods such as coffee, grain, etc. U.C.C. No. 1 201(17). Hard goods … Black's law dictionary
fungible goods — Goods, every unit of which is similar to every other unit in the mass; e.g. uniform goods such as coffee, grain, etc. U.C.C. No. 1 201(17). Hard goods … Black's law dictionary
fungible goods — Goods of such nature that one unit is identical with another unit and is a replacement for another unit, the primary example being grain, such as wheat, oats, or corn. 1 Am J2d Access § 15 … Ballentine's law dictionary
fungible goods or securities — Goods or securities of which any unit is, by nature or usage of trade, the equivalent of any other like unit. UCC § 1 201(17) … Ballentine's law dictionary
fungible — fun‧gi‧ble [ˈfʌndʒbl] 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
goods — A term of variable meaning, sometimes having the significance of personal property. Tisdale v Harris, 37 Mass (20 Pick) 9. Sometimes inclusive of corporate stock. Spencer v McGuffin, 190 Ind 308, 130 NE 407, 14 ALR 385. In other connections,… … Ballentine's law dictionary
fungible — fun·gi·ble 1 / fən jə bəl/ adj [New Latin fungibilis, from Latin fungi to perform]: being something (as money or a commodity) one part or quantity of which can be substituted for another of equal value in paying a debt or settling an account oil … Law dictionary
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 &… … Law dictionary
fungible — [fun′jə bəl] adj. [ML fungibilis < L fungi, to perform: see FUNCTION] Law designating movable goods, as grain, any unit or part of which can replace another unit, as in discharging a debt n. [ME (res) fungibilis] a fungible thing fungibility n … English World dictionary
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
