Define"Fungable"

[Petro-Sooner]

I just got this assignment in class. I've tried google and found nothing. How this relates to rock properties I have no idea. TIA.

[yermom]

?

http://www.answers.com/fungible&r=67

[King Crimson]

spelling might be a start....

[Petro-Sooner]

No, my spelling is correct.

[frankensooner]

Does it mean tradable commodity?

[Sooner Born Sooner Bred]

It means something that can grow fungus on it.

Example: Mary's toes were fungable because she didn't wash between them.

[Petro-Sooner]

Your guess is as good as mine. dictionary.com shows no results found.

[SleestakSooner]

A fungable stone gathers much moss?

[sooner_born_1960]

It's "fun gerbils". And you know damn well what it means.

[Fraggle145]

how do you say it? funguhble? or funjable?

[Petro-Sooner]

I believe its funguhble. It was assigned Tuesday but I was on a field trip so I'm sure what the meaning behide it is.

[StuIsTheMan]

feet are fungable i think...:confused:

[Widescreen]

http://www.clarkgable.com/gallery/1.jpg

Didn't realize he was all that fun but, whatever.

[Fraggle145]

I believe its funguhble. It was assigned Tuesday but I was on a field trip so I'm sure what the meaning behide it is.

time to email a classmate... :D

[royalfan5]

fungible is how it's spelled. It roughly means that it is a consistent commodity, e.g West Texas Intermediate, No.2 Yellow corn, etc.

[sanantoniosooner]

http://www.cartoonstock.com/newscartoons/cartoonists/lbo/lowres/lbon51l.jpg

[sanantoniosooner]

http://www.guicide.com/cars/2006civic/fungible.jpg

[Frozen Sooner]

fungible is how it's spelled. It roughly means that it is a consistent commodity, e.g West Texas Intermediate, No.2 Yellow corn, etc.

I'd extend that definition a bit to mean that one example of the good is indistinguishable from another example.

Diamonds are not fungible.

Gold is.

[Okla-homey]

Here we go. The best way to explain this is probably to use examples. As others have stated, things that are "fungible" are considered to be indistinguishable from other items within that class of goods.

For starters, commodities are generally considered to be "fungible."

E.g. If we sign a contract in which I agree to sell you 50 barrels of light sweet crude, that oil is "fungible" because as long as it meets industry standards for light sweet crude oil, it doesn't matter which 50 barrels I deliver. IOW, if I own 500 barrels, I can deliver to you any group of 50 barrels from my holdings I choose.

Common shares of a corporation are considered fungible too for the same reason.

OTOH, if I agree to sell you a tract of land, I can't substitute a different parcel of land I own because land is NOT fungible. Under the law, real property is "unique" and therefore distinguishable from every other piece. That's why you sign a real estate contract for a specific house, not just any house of similar market value.

Because houses aren't fungible, if the seller in a house sale backs out after the contract is signed, the remedy for the breach is not usually a substitute house of similar value. Instead, the seller usually has to pony up the difference between that original house's contract price and the price at which the buyer can acquire a similar house.

Does that help?

[Widescreen]

Our company says that their employees should be fungible. In other words, we are "considered to be indistinguishable from other items within that class of goods." I feel really special now. :mad:

[jk the sooner fan]

in my old job, there were two kinds of evidence.....fungible, and non-fungible

fungible evidence had to be protected from eroding or deteriorating....i.e, skin tissue has to be refrigerated because left out on the shelf, its going to putrify

[Petro-Sooner]

After further review it was misspelled. I asked, fungAble for the second time? Oh I'm sorry, Ible. :rolleyes: The point he was getting at was that engineers are basically a comodity that can be easily replaced if you dont have a wider educational background than what you finish school with. In other words, always keep learning.