Fungible meaning
The definition of fungible is interchangeable.
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.
adjective
Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.
adjective
Interchangeable.
adjective
Something that is fungible.
noun
Designating movable goods, as grain or lumber, units or portions of which are interchangeable, as in discharging a debt.
adjective
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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.
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.
adjective
(finance and commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable.
adjective
(chiefly in the plural) Any fungible item.
noun
A fungible thing.
noun
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Origin of fungible
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.