Fungibility Fungibility In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable. For example, since one kilogram of pure gold is equivalent to any other kilogram of pure gold, whether in the form of coins, ingots, or in other states, gold is fungible. Other fungible commodities include sweet crude oil, company shares, bonds, other precious metals, and currencies. Fungibility refers only to the equivalence of each unit of a commodity with other units of the same commodity and not to the exchange of one commodity for another, which is barter. The word "fungibility"
Archconfraternity of the Most Precious Blood Archconfraternity of the Most Precious Blood Archconfraternity of the Most Precious Blood refers to a Roman Catholic archconfraternity, associated with confraternities which make it their special object to venerate the Blood of Christ. They first arose in Spain. In the life of the Carmelite lay brother Francis of the Infant Jesus (d. 1601), mention is made of such a confraternity as existing in Valencia. It was said of the Carmelite Anna of St. Augustine (d. 1624), that "she received with hospitality those who went about collecting alms for the confraternities of the Precious Blood erected in many places". Ravenna, Italy,