MLchartDataset catalogue

Fungible things

Term · Law · MLC-T-LAW-002264

Goods or assets that are interchangeable with other individual units of the same type, where each unit is essentially identical to another. Their value is determined by weight, measure, or number rather than by individual characteristics. Examples include grains, oil, money, and certain commodities, which can be replaced by an equivalent amount without affecting their value.

Table 1. Record
IdentifierMLC-T-LAW-002264
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002264",
  "term": "Fungible things",
  "field": "Law",
  "definition": "Goods or assets that are interchangeable with other individual units of the same type, where each unit is essentially identical to another. Their value is determined by weight, measure, or number rather than by individual characteristics. Examples include grains, oil, money, and certain commodities, which can be replaced by an equivalent amount without affecting their value.",
  "url": "https://mlchart.com/terminology/law/fungible-things/"
}

Record 2,173 of 5,445 in Law terminology (MLC-0107). Request the full dataset.