One factor in rakuten 's success is its loyalty system , a more fungible version of an airline 's frequent-flyer programme .
乐天市场的成功因素之一在于其忠诚体制一个比航空公司的常客项目更加优越的替代机制。
What is required is transparent , standardized securities which create large and fungible pools .
现在需要的是透明的,标准化的证券创造大国和互换游泳池。
Despite these new relationships , the fungible nature of oil will limit the extent to which this economic shift eastward translates into a geopolitical one .
尽管出现了上述种种新型关系,但石油本质上的可替代性,将限制这种经济东移转化为地缘政治转移的程度。
Oil is a fungible commodity so buying a distant barrel simply frees up a nearer one for someone else .
石油是一种可代替的大宗商品,因此,从远处买一桶油,不过是为他人腾出一桶近处的油。
But it cannot be traded to third parties and it is not entirely fungible .
但是它不能卖给第三方,也不能完全被取代。
Opec is able to function because its members have most of the oil and the market is global and fungible .
欧派克之所以能起上作用是由于它的成员国拥有大部分石油,并且他们的市场是全球性的和多元性的。
Oil being a fungible commodity , tehran 's supply has simply flowed to where there remain able and willing buyers .
石油这种产品谁家的都一样,伊朗的原油不过是流向了那些有能力、也有意愿的买家。
Biodiversity is not fungible , as carbon is : its value is more like that of real estate than that of a commodity .
生物多样性和二氧化碳不同,它是不可置换的,其价值类似房地产而非普通商品。
But it cannot be traded to third parties , and it is not entirely fungible .
但它并不能交易给第三方,也就不完全是种可交换的资产。
It can to some extent be bought and sold . But it cannot be traded to third parties and it is not entirely fungible .