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单词 Fungibility
释义 可替代的程度
The interchangeability of listed options, futures contracts, and other instruments which makes securities of a particular class perfect substitutes for each other. Futures contracts for the same commodity and delivery month are fungible due to their standardised specifications for quality, quantity, delivery date and delivery locations. See also Futures contract; Novation; Option.
指上市期權、期貨合約及其他工具的可交替程度,使某特定種類的證券可互相完全地替代對方。鑒於有關期貨合約對品質、數量、交收日期及交收地點有標準規格,同一商品及交收月份的期貨合約可作替代。另見 Futures contract; Novation; Option。n.
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更新时间:2025/4/4 6:33:45