fungible Hear it!

fungible definition - legal

adj

Of goods or products, that they are all of a kind, not unique, and replaceable by other goods of the same kind; for example, crops are fungible while a painting by Rembrandt is not.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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