fungible


1fun·gi·ble

noun \ˈfən-jə-bəl\

Definition of FUNGIBLE

:  something that is fungible —usually used in plural

First Known Use of FUNGIBLE

circa 1765

2fungible

adjective

Definition of FUNGIBLE

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>
3
:  flexible 3
fun·gi·bil·i·ty \ˌfən-jə-ˈbi-lə-tē\ noun

Examples of FUNGIBLE

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

Origin of FUNGIBLE

New Latin fungibilis, from Latin fungi to perform — more at function
First Known Use: 1818

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