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 fung&imacron; (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