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Fungible

//ˈfʌndʒɪbəl// adj, noun

Definitions

Adjective
  1. 1
    Able to be substituted for something of equal value or utility.

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Adjective
  1. 1
    of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation wordnet
Noun
  1. 1
    Any fungible item. in-plural

    "The archetypical fungible is money: if I drop a £1 coin in the street it is a matter of indifference to me whether I pick up that coin or another £1 coin lying next to it."

  2. 2
    a commodity that is freely interchangeable with another in satisfying an obligation wordnet

Etymology

Etymology 1

1765 as noun, 1818 as adjective, from Medieval Latin fungibilis, from Latin fungor (“to perform, discharge a duty”) + -ible (“able to”). Originally a legal term, going back to Roman law: res fungibiles (“replaceable things”).

Etymology 2

1765 as noun, 1818 as adjective, from Medieval Latin fungibilis, from Latin fungor (“to perform, discharge a duty”) + -ible (“able to”). Originally a legal term, going back to Roman law: res fungibiles (“replaceable things”).

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