可互换的的中文解释
指一种金融工具与另一种特性/条件相同的金融工具可互相替换。 可替代债券(fungible bond)是指除了价格之外,所有其他条件均与现有某期债券一致的一期新发行债券。
Fungible的英文解释
The term used to describe when one
instrument is
identical to, and
therefore interchangeable with another. A fungible bond is a new issue that has all the same specifications as an existing issue, other than price. If a bond is fungible, it can be exchanged for an existing bond with the same characteristics.