Fungible Goods

What is Fungible Goods?

A definition of fungible goods is: Goods, every unit of which is similar to every other unit in the mass; e.g. uniform goods such as coffee, grain, etc. United States Uniform Commercial Code § 1-201(17).[1]

Resources

Notes

1. “Fungible Goods” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

See Also

Fungible goods in Global Commerce Policy

In this regard, fungible goods is: also called fungibles or fungible materials. Described, for example, in NAFTA as goods or materials that are virtually the same and that can be used interchangeably. See also identical goods and similar goods.[1]

Fungible goodsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Fungible goods” entry (OAS)

See Also