fungible

adjective
fun·​gi·​ble | \ ˈfən-jə-bəl How to pronounce fungible (audio) \

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 pluralFungibles may be valued by weight or measure.

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Other Words from fungible

Adjective

fungibility \ ˌfən-​jə-​ˈbi-​lə-​tē How to pronounce fungible (audio) \ noun

Synonyms & Antonyms for fungible

Synonyms: Adjective

Antonyms: Adjective

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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 To complicate matters further, cotton is a fungible commodity. Marc Bain, Quartz, "The US crackdown on a major Chinese cotton producer has the fashion industry scrambling," 10 Dec. 2020 Unlike players at some other positions, and much like new cars, they are viewed as depreciating, fungible assets. Tim Sullivan, The Courier-Journal, "Louisville's Javian Hawkins made the right move and should cash in while he can," 16 Nov. 2020 Indeed, the very idea of truth is increasingly a fungible commodity in a political environment that seems to reward the loudest voices, not the most honest. Peter Baker, New York Times, "Dishonesty Has Defined the Trump Presidency. The Consequences Could Be Lasting.," 1 Nov. 2020 Still, very few jurisdictions have issued guidance on topics like crypto borrowing and lending, DeFi, non-fungible tokens, tokenized assets and staking income, PwC said. Joanna Ossinger, Bloomberg.com, "Cryptocurrency Tax Guidance Leaves Big Holes Worldwide, PwC Says," 1 Oct. 2020 Yet on what grounds do those for whom words are fungible denounce lies? Greg Weiner, National Review, "Cancel Culture Is Not the Problem; Conformity Culture Is," 10 Sep. 2020 Primary and secondary shares are fungible and, theoretically, are valued at about the same price. Lucinda Shen, Fortune, "The U.S. clampdown on Chinese companies is an unexpected windfall for Hong Kong," 26 June 2020 Assured of Hong Kong’s fair play, good standing in the rest of the world and fungible money, financial firms have been happy to locate there. The Economist, "Hong Kong’s uncertain future Can Hong Kong remain a global financial centre?," 4 June 2020 Dollars, after all, are fungible: A federal grant covering police or firefighting expenditures, for instance, might give a state more latitude to fund its pensions. Los Angeles Times, "Column: As coronavirus devastates state budgets, conservatives target public worker pensions," 24 Apr. 2020

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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Time Traveler for fungible

Time Traveler

The first known use of fungible was in 1649

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Statistics for fungible

Last Updated

22 Dec 2020

Cite this Entry

“Fungible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fungible. Accessed 20 Jan. 2021.

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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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