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Investing Glossary:
Fungibility
Copyright 2013,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- F -
| Term: |
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| Definition: |
| The substitutability of listed options, which is Dependent upon their common Expiration dates and strike prices. The congruence of expiration dates and strike prices lets investors Close positions by offsetting transactions through the options clearing corporation.
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