fungible

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fungible

[′fən·jə·bəl]
(chemical engineering)
Pertaining to petroleum products whose characteristics are so similar they can be commingled.
References in periodicals archive ?
If aid is delivered as an appropriate mix of GBS and AoD then the problem of fungibility is no greater than it is with project-based aid, and PBAs have the advantage of reducing transaction costs plus giving recipient countries greater ownership over their development process.
We discussed three ways to expand the fungibility of identical cash flows and the substitutability of nearly identical liabilities.
The lack of fungibility of capital and the revision of business strategy could have negative rating implications on the overall group, depending on the importance of the subsidiary transacting the business.
Potential Conflict with the Policies Supporting the Fungibility Approach for Imputing Liabilities
Zampeili (1991) The Fungibility of US Assistance to Developing Countries and the Impact on Recipient Expenditures.
To ensure the solvency of ceding insurers and to ensure maximum fungibility of capital, there should be rules of engagement where people have the choice between a federal regulator or a state regulator.
Section 2 briefly reviews the fungibility hypothesis while Section 3 develops an econometric model to explain the allocation of expenditures by Pakistan among defense, public non-defense, private investment, and private consumption goods and services, and the impact of U.
federal income tax purposes with the Company's notes issued on April 1, 2013 (the "Tax Fungibility Condition").
As the Senate Finance Committee recognized when considering a similar proposal in respect of the Tax Reform Act of 1986, to the extent section 864(e) employs a fungibility concept, it is appropriate to consider the interest expense incurred and assets owned by foreign affiliates, because borrowing of foreign affiliates "may bear on the allocation of the interest expense that the U.
federal income tax purposes (the "Tax Fungibility Condition"); and (ii) the New Notes Offering is settled and the Cash Offering Notes are issued in connection therewith on or before the Early Exchange Settlement Date (the "Cash Offering Notes Closing Condition").
985-3(e)(7) provides that currency gain or loss from liabilities shall be allocated in a fashion similar to interest expense, but without regard to the exceptions to fungibility contained in Temp.
Consummation of the exchange offer is subject to a number of conditions, including a "tax fungibility condition" as set forth in the Offering Memorandum and the absence of certain adverse legal and market developments.