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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,...

Funged Bond

In a fungible issue, it is a new bond that is issued "further" to an existing issuance of bonds (parent...

Funged Tranche

In relation to fungible bonds (funged bonds) and parent bonds, it is a tranche (part of different tranches) that are...

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...

Expected Fungibility Date

The expected date on which the subsequent tranche (a fungible bond) will be merged or ‘funged’ into existing bonds (the...

Funge

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

Fungible Bond

New bonds that are issued "further" to an existing issuance of bonds (parent bond), but as separate tranches. Eventually these...