FUNGIBILITY


Meaning of FUNGIBILITY in English

The substitutability of listed options , which is dependant upon their common expiration dates and strike prices . The congruence of expiration dates and strike prices give the investor the power of closing their positions by putting offsetting transactions through the options clearing corporation.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.