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Not only is 20 percent of mortgage debt sold to foreign banks and other foreign buyers outright, but modern finance has made all liquid instruments de facto fungible .
The solution was to provide legislatively for rights equivalent to co-ownership by customers of fungible securities held by the settlement systems.
For Enron, where everything was fungible , conservation made financial sense: The company could help its customers save energy, then resell those savings to someone else.
Sanctioned countries with exports that are fungible commodities and that are limited in supply (such as oil) feel very little effect from U.S. sanctions on their exports.
Most evidence suggests that aid money is fungible - that is, that it goes into the pot of public funds and is spent on whatever the recipient wants to spend it on.
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