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 fungibility (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 In one corner, designers say that data is fungible as long as the presentation is eye-catching. Dan Kopf, Quartz, "Designers and statisticians disagree on what makes a good information graphic," 12 Jan. 2020 As Stephen O’Sullivan writes in a recent report for the Oxford Institute of Energy Studies, China’s import dependency for oil is mitigated by the fact that oil is more fungible and that Beijing has already stocked a large strategic reserve of it. Washington Post, "Oil Isn’t the Only Fuel in the Persian Gulf Firing Line," 14 June 2019 Or protect our privacy in an age in which digital identities are as fungible and free-flowing as the Internet itself? Fortune, "The Tech Arms Race Will Never End: Can the Rest of Us Ever Catch Up?," 19 Dec. 2019 The Cardinals need their starting back to be a viable receiver, but every bit of research imaginable suggests running back is about as fungible of a position as there is in football at the moment. Jeremy Cluff, azcentral, "Kenyan Drake trade reaction: Questionable deal for Arizona Cardinals with Miami Dolphins?," 28 Oct. 2019 But generally speaking, in our fairly small sample of seven presidential elections, the contests that Republicans won are much more fungible than those Democrats won. Time, "The High-Risk Strategy That Could Hand Democrats the White House," 17 Sep. 2019 And agricultural commodities are fungible, meaning that a shift in Chinese buying to U.S. suppliers doesn’t mean an increase in overall demand world-wide. Spencer Jakab, WSJ, "Market High from Trump-Xi Trade Truce May Not Last," 29 June 2019 Like many in our parental peer group, our consequences are never punishments and always fungible. Mike Mikula, Washington Post, "What happened when my son slacked his way through algebra and we didn’t bail him out," 8 Aug. 2019 Take soda off the list and there will be another fungible commodity to take its place. Kevin D. Williamson, National Review, "The White Ghetto," 23 July 2019

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

4 Feb 2020

Cite this Entry

“Fungible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fungible?show=1&t=1326581151. Accessed 18 Feb. 2020.

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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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