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.

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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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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 Thanks to this perfectly complete, perfectly secure, and eternally checkable data record, the argument goes, potential buyers can trust non-fungible tokens without necessarily having to trust their owners or sellers. Andrew Stuttaford, National Review, "Increasing the Capital-Gains Tax — Penalizing Initiative, Enterprise, and Not Just ‘the Rich’," 23 Apr. 2021 Ralph Steadman, the former Rolling Stone illustrator best known for his work with Hunter S. Thompson, is selling a collection of animated and still pieces as non-fungible tokens on the digital asset marketplace Niftygateway. Jon Blistein, Rolling Stone, "Gonzo Artist Ralph Steadman to Sell Illustrations as NFTs," 21 Apr. 2021 Doja Cat is taking on the red-hot market for non-fungible tokens with the launch of her own curated NFT marketplace, Juicy Drops, and the debut of her first NFT collection this Friday. Tatiana Cirisano, Billboard, "Doja Cat Launches Her Own NFT Marketplace, Preps Debut Collection," 21 Apr. 2021 Just a look at some of the trends in 2021 alone - non-fungible tokens, central bank digital currencies, and meme crypto like Dogecoin - illustrate the need for consistent, clear, and objective standards. Sean Stein Smith, Forbes, "Dogecoin Price Volatility Overshadows The Bigger Picture - Effective Crypto Policy," 21 Apr. 2021 The collectors’ items offered by Williams’ daughter are hand drawn by Brazilian illustrator Andre Maciel, known as Black Madre, who created the non-fungible tokens for football star Rob Gronkowski that sold out last month for $1.6 million. Ken Powtak, courant.com, "Mercedes homers as White Sox complete sweep over Red Sox," 18 Apr. 2021 Top Shot is a form of a non-fungible tokens that's in limited supply and has a certificate of authenticity. Ricardo Torres, Milwaukee Journal Sentinel, "What is NBA Top Shot and how can I buy an NFT 'moment' of spectacular plays?," 15 Apr. 2021 Who gets to make millions selling NFTs, or non-fungible tokens? Los Angeles Times, "Today’s Headlines: Biden tries to reset the climate on climate change," 15 Apr. 2021 In the last few months, as crypto prices have soared and non-fungible tokens have boomed, more people are arriving in the metaverse, ready to buy some land and build some property, sometimes at real-world values. Sophie Haigney, Curbed, "Does the Metaverse Need a Zoning Board?," 15 Apr. 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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Statistics for fungible

Last Updated

5 May 2021

Cite this Entry

“Fungible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fungible. Accessed 6 May. 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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