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 plural Fungibles may be valued by weight or measure.

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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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 and political contexts. Something fungible can be exchanged for something else of the same kind. For example, when we say "oil is a fungible commodity," we mean 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 work of art isn't fungible; a purchaser would expect a specific, identifiable item to be delivered. In broader use, fungible can mean "interchangeable," or sometimes "readily changeable to adapt to new situations."

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 Time Studios, the film and TV production division of the media company Time (best known for its namesake magazine), is betting that the next great kids’ TV show will start with a non-fungible token. Alex Weprin, The Hollywood Reporter, 13 Jan. 2022 For the unversed, a non-fungible token, or NFT, is a unique digital asset that can be securely stored or traded on the blockchain. Rachel Cormack, Robb Report, 13 Jan. 2022 Visbal plans to release a non-fungible token tied to the statue, in part to defray her legal expenses. Sheelah Kolhatkar, The New Yorker, 7 Jan. 2022 Today, however, only a fraction of the TV-watching world could explain the difference between a bitcoin and an Amazon gift card, or between a non-fungible token and a Chuck E. Cheese token. Jon Healey, Los Angeles Times, 24 Dec. 2021 Another study from Nature found that 85% of non-fungible token (NFTs) transactions were made by just 10% of those investing in the digital assets. Jeremy Kahn, Fortune, 22 Dec. 2021 The world's first SMS has been sold as a non-fungible token (NFT) for $149,729 (€132,680) at auction in Paris, according to the auctioneer Aguttes. Sana Noor Haq, CNN, 22 Dec. 2021 Immediately, college stars like Oregon football player Kayvon Thibodeaux and basketball player Sedona Prince were able to start cashing in off their brands, including sponsorship and non-fungible token (NFT) deals. oregonlive, 22 Dec. 2021 The country that invented the non-fungible token is in a poor position to lecture anyone else about speculation, and those who have consistently bet against the Chinese model have been losing for 40 years. Noah Millman, The Week, 28 Sep. 2021

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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Dictionary Entries Near fungible

Fungia

fungible

fungic

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Statistics for fungible

Last Updated

21 Jan 2022

Cite this Entry

“Fungible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fungible. Accessed 24 Jan. 2022.

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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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