Definition of Nonfungible product

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TeachMeFinance.com - explain Nonfungible product



Nonfungible product -- A gasoline blend or blendstock that cannot be shipped via existing petroleum product distribution systems because of incompatibility problems. Gasoline/ethanol blends, for example, are contaminated by water that is typically present in petroleum product distribution systems.




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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