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Other fungible commodities include other precious metals and grades of crude oil. The legal recognition of fungibility is limited, and even very similar items, such as new cars of the same model and specifications, are not considered fungible with each other in law. Many financial instruments, such as shares, bonds and currencies, are also ...
Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, gold and Bitcoin. Other definitions of commodity include something useful or valued [4] and an alternative term for an economic good or service available for purchase in the market. [5]
The operational definition used by Dodd-Frank includes "[a]ll other commodities that are, or once were, or are derived from, living organisms, including plant, animal and aquatic life, which are generally fungible, within their respective classes, and are used primarily for human food, shelter, animal feed, or natural fiber".
Fungible : 1. A commodity that is freely interchangeable with another in satisfying an obligation 2. Something that is exchangeable or substitutable. As such it seems like Fungible can mean Tradable in some situations. No. The two commodities in (1) are fungible in respect only to the particular stated obligation. This is a matter for ...
Seed oils, including peanut oil and sunflower oil, have been in the news a lot recently. Dietitians explain if seed oils are healthy, and health risks of them.
Cocoa closed out 2024 ahead of every major commodity, after a year of poor weather and weak harvests sparked a triple-digit gain for the bean. Cocoa gained about 172% in the past year, briefly ...
That said, Vanessa Rissetto, R.D., co-founder of the virtual nutrition care service Culina Health, believes the FDA's move is a positive step forward."Early-stage cancers are on the rise across ...
Illustration of a non-fungible token generated by a smart contract (a program designed to automatically execute contract terms) A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity.