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1

fungible

play
noun fun·gi·ble \ˈfən-jə-bəl\

Definition of fungible

  1. :  something that is fungible —usually used in plural



Circa 1765

First Known Use of fungible

circa 1765


2

fungible

adjective fun·gi·ble

Definition of fungible

  1. 1 :  being of such a nature that one part or quantity may be replaced by another equal part or quantity in the satisfaction of an obligation <oil, wheat, and lumber are fungible commodities>

  2. 2 :  interchangeable

  3. 3 :  flexible 3

fungibility

play \ˌfən-jə-ˈbi-lə-tē\ noun


Examples of fungible in a sentence

  1. <since fruits and vegetables are regarded as fungible in this diet, you are allowed a total of five servings of either or both>



Did You Know?

Fungible - which derives from the Latin verb fungi, meaning "to perform (no relation to the noun "fungus" and its plural "fungi") - is a word that often shows up in legal contexts. Something fungible can be exchanged for something else of the same kind. For example, we could say "oil is a fungible commodity." That means that when a purchaser is expecting a delivery of oil, any oil of the stipulated quantity and quality will usually do. Another example of something fungible is cash. It doesn't matter what twenty dollar bill you get - it's still worth the same amount as any other twenty dollar bill. In contrast, something like a painting isn't fungible; a purchaser would expect a specific, identifiable item to be delivered. In broader use, "fungible" can mean "interchangeable" or sometimes "changeable, fluid, or malleable."

Origin and Etymology of fungible

New Latin fungibilis, from Latin fungi to perform — more at function


First Known Use: 1818


Law Dictionary

1

fungible

adjective fun·gi·ble \ˈfən-jə-bəl\

Legal Definition of fungible

  1. :  being something (as money or a commodity) one part or quantity of which can be substituted for another of equal value in paying a debt or settling an account <oil, wheat, and lumber are fungible commodities>



Origin and Etymology of fungible

New Latin fungibilis, from Latin fungi to perform


2

fungible

noun fun·gi·ble

Legal Definition of fungible

  1. :  something that is fungible




Learn More about fungible


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