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Fungible Securities

A type of securities that are interchangeable with other securities belonging to the same class or series. In other words,...

Funge Event

In relation to fungible bonds and parent bonds, it is an event when a parent bond absorbs a fungible bond....

Fungible Issue

A debt issue that is attached to an existing issue (a parent bond), with the same specifications (such as coupon...

Funge

In relation to fungible bonds and parent bonds, it is an event when a parent bond absorbs a fungible bond....

Interchangeable Bond

A bond that may be converted from coupon payment mode into registered form, or from registered form to coupon payment...

Bond Interchangeability

A bond's ability to convert from one form to another. Typically, an interchangeable bond can be converted from coupon payment...