English

Explain the following term/concept. Fungibility

Advertisements
Advertisements

Question

Explain the following term/concept.

Fungibility

Short/Brief Note
Advertisements

Solution

In financial terms, fungibility means the state of being interchangeable. The securities held in Demat/electronic forms are fungible. They are interchangeable, substitutable, and cannot be distinguished from each other. Securities bear no notable features like a distinctive number, certificate number, or folio number.

shaalaa.com
Concepts/Terms Related to Depository System
  Is there an error in this question or solution?
Chapter 9: Depository System - Exercises [Page 141]

APPEARS IN

Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 9 Depository System
Exercises | Q 2.4 | Page 141

RELATED QUESTIONS

Dematerialisation and Rematerialisation 


______ has to apply for ISIN.


Write a word or a term or a phrase which can substitute the following statement.

This process converts securities into electronic form from physical form.


Write a word or a term or a phrase which can substitute the following statement.

This process converts securities into physical form from electronic form.


Write a word or a term or a phrase which can substitute the following statement.

This means securities are without distinctive identity number.


Write a word or a term or a phrase which can substitute the following statement.

This is the unique code for security given in depository system.


Complete the sentence.

The unique code identifying a security is ______.


Select the correct option for the following.

Fungibility ____________.


Select the correct option for the following.

____________ ISIN.


Answer in one sentence.

What is Dematerialisation?


Answer in one sentence.

What is Rematerialisation?


Answer in one sentence.

What is ISIN?


Correct the underlined word and rewrite the following sentence.

Depository Participant in India has to register under the partnership act.


Correct the underlined word and rewrite the following sentence.

ISIN is a code given to a company.


Correct the underlined word and rewrite the following sentence.

ISIN of Indian Government securities is issued by NSDL.


Explain the following term/concept.

Rematerialization


Justify the following statement.

ISIN is necessary component of Demat.


Explain the constituents of Depository system.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×