Fungible definition

fŭnjə-bəl
Interchangeable.
adjective
3
0
(law) Designating movable goods, as grain or lumber, units or portions of which are interchangeable, as in discharging a debt.
adjective
3
1
(law) Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.
adjective
2
0
A fungible thing.
noun
2
1
(law) Something that is fungible.
noun
1
0
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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
1
0
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
0
0
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.
0
0
(finance and commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable.
adjective
0
0
(chiefly in the plural) Any fungible item.
noun
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0
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Other Word Forms

Noun

Singular:
fungible
Plural:
fungibles

Origin of fungible

  • Medieval Latin fungibilis from Latin fungī (vice) to perform (in place of)

    From American Heritage Dictionary of the English Language, 5th Edition

  • 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.

    From Wiktionary