An example of fungible used as an adjective is the phrase a "fungible ingredient" which means an ingredient for which something else can be substituted.
Origin of fungibleMedieval Latin fungibilis from Classical Latin fungi, to perform: see function
Origin of fungibleME (res) fungibilis
- Law Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.
Origin of fungibleMedieval Latin fungibilis from Latin fungī (vice) to perform (in place of)
(comparative more fungible, superlative most fungible)
- (chiefly in the plural) Any fungible item.
1765 as noun, 1818 as adjective, from Medieval Latin fungibilis, from Latin fungor (“I perform, I discharge a duty”) (English function) + -ible (“able to”). Originally legal term.
fungible - Investment & Finance Definition
Interchangeable. Fungible products can be substituted for each other for shipment or storage purposes. Options that have the same strike price and expiration date also are fungible.
fungible - Legal Definition