fungible

adjective
fun·​gi·​ble | \ ˈfən-jə-bəl \

Definition of fungible

 (Entry 1 of 2)

1 : being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account Oil, wheat, and lumber are fungible commodities. fungible goods
2 : capable of mutual substitution : interchangeable … the court's postulate that male and female jurors must be regarded as fungible— George Will
3 : readily changeable to adapt to new situations : flexible Managers typically use more than a hundred different lineups over the course of the season. Batting orders are so fungible that few players last long in one spot.— Tom Verducci

fungible

noun

Definition of fungible (Entry 2 of 2)

: something that is fungible (see fungible entry 1 sense 1) : a good one part or quantity of which can be substituted for another of equal value in satisfying an obligation usually used in plural Fungibles may be valued by weight or measure.

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Other Words from fungible

Adjective

fungibility \ ˌfən-​jə-​ˈbi-​lə-​tē \ noun

Synonyms & Antonyms for fungible

Synonyms: Adjective

commutable, exchangeable, interchangeable, substitutable, switchable

Antonyms: Adjective

noninterchangeable

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Did You Know?

Noun

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."

Examples of fungible in a Sentence

Adjective

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

Recent Examples on the Web: Adjective

The proceeds from the tax hike ostensibly would be dedicated to schools, but revenues are fungible. The Editorial Board, WSJ, "Turning Arizona Into New Jersey," 24 Aug. 2018 And that’s exactly what this just-in-time fungible workforce is. Eric Johnson, Recode, "Full Q&A: ‘Temp’ author Louis Hyman on Recode Decode," 29 Aug. 2018 Or at least true-ish, a fungible commodity these days. Gary Levin, USA TODAY, "'Calypso': David Sedaris shines in tales of family, loss and a favorite turtle," 28 May 2018 This analysis may still hold true for mergers of essentially fungible components, like the truck beds and brakes at issue in the Fruehauf case. James B. Stewart, New York Times, "AT&T-Time Warner Decision Shows Need to Rethink Antitrust Laws," 13 June 2018 Analytics and an overwhelming data revolution have strengthened the sport in many ways – but reduced more players to fungible assets. Jorge L. Ortiz, USA TODAY, "MLB players survey: Sounding off on umps, shifts, steroids - and whether to strike back," 28 June 2018 Is stare decisis, the fancy word for the law of judicial precedent, that fungible? Cristian Farias, Daily Intelligencer, "Supreme Court: Forget What We Said Before About Not Having to Pay Sales Tax Online," 21 June 2018 After all, his views have been so fungible on so much else. James Hohmann, Washington Post, "The Daily 202: Trump triangulates on trade. Here are five takeaways from the tariff announcement.," 2 Mar. 2018 Flexibility The elite players will get paid, even in a slow market, but a better understanding of value by front offices is keeping clubs from committing years to fungible-type players. Tom Verducci, SI.com, "Seven Reasons Why the Free Agent Market Is So Incredibly Slow," 11 Jan. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'fungible.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of fungible

Adjective

1649, in the meaning defined at sense 1

Noun

1681, in the meaning defined above

History and Etymology for fungible

Adjective and Noun

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

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Dictionary Entries near fungible

fung-hwang

fungi-

Fungia

fungible

fungic

fungicidal

fungicide

Statistics for fungible

Last Updated

23 Dec 2018

Look-up Popularity

Time Traveler for fungible

The first known use of fungible was in 1649

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More Definitions for fungible

fungible

adjective
fun·​gi·​ble | \ ˈfən-jə-bəl\

Legal Definition of fungible

 (Entry 1 of 2)

: 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

fungible

noun

Legal Definition of fungible (Entry 2 of 2)

: something that is fungible

History and Etymology for fungible

Adjective

New Latin fungibilis, from Latin fungi to perform

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to settle judicially or to act as judge

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