replaceable goods
[/rɪˈpleɪsəbəl ɡʊdz/]
nounpl: replaceable goods
bens fungíveis / mercadorias substituíveis
1. Goods that are interchangeable and can be substituted for one another without loss of value or function; items that are identical in quality and use
Money and grain are considered replaceable goods because any dollar bill or bushel of grain is equivalent to another.
Dinheiro e grãos são considerados bens fungíveis porque qualquer nota de dólar ou alqueire de grão é equivalente a outro.
2. In commerce and law, items that are not unique and can be replaced with identical or similar items of the same quantity and quality
The contract specifies that replaceable goods such as oil and minerals must meet industry standards.
O contrato especifica que bens fungíveis como óleo e minerais devem atender aos padrões da indústria.
3. Products that have no specific identity and are defined only by their type, quantity, and quality
Replaceable goods in inventory management include commodities like wheat, coffee, and petroleum.
Bens fungíveis na gestão de estoque incluem commodities como trigo, café e petróleo.
This term is primarily used in legal, commercial, and financial contexts in both Brazil and the United States. In Brazilian commerce, 'bens fungíveis' is a standard legal classification under the Brazilian Civil Code (Código Civil Brasileiro) and is essential for understanding property law, contracts, and commodity trading. The concept is crucial in banking and finance sectors, where deposit agreements often involve fungible goods. In the USA, this classification is important for uniform commercial code (UCC) purposes and commodity exchanges.
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