Fungibles: Canada Debt .ca defines Fungibles

Bankruptcy Term Fungibles

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Canada Debt has the definition to the bankruptcy and debt term Fungibles. Finding answers to terms such as Fungibles can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Fungibles in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Fungibles' is used as follows:

Goods which are comprised of many identical parts. For example, a bushel of grain, a barrel of apples or oil, which can be easily replaced by other identical goods. One of the tests of whether items are fungible or not is whether they can be sold by weight or number.