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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.
2. Interchangeable.
often fungibles Law Something that is fungible.

[Medieval Latin fungibilis, from Latin fungī (vice), to perform (in place of).]

fun′gi·bil′i·ty n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fungibility - the quality of being capable of exchange or interchange
changeability, changeableness - the quality of being changeable; having a marked tendency to change; "the changeableness of the weather"
duality - (geometry) the interchangeability of the roles of points and planes in the theorems of projective geometry
transferability - the quality of being transferable or exchangeable; "sterling transferability affords a means of multilateral settlement between nondollar countries"
convertibility - the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)
inconvertibility - the quality of not being exchangeable; "the inconvertibility of their currency made international trade impossible"
commutability, replaceability, substitutability - exchangeability by virtue of being replaceable
liquidity - being in cash or easily convertible to cash; debt paying ability
permutability, permutableness, transposability - ability to change sequence
References in periodicals archive ?
The Negative Outlook on Bank Austria's Long-Term IDR reflects our expectation that the fungibility of capital within the UC group will increase and that Bank Austria's capitalisation and financial flexibility could decline given the group's single-point-of-entry resolution plan.
At the World Government Summit in Dubai, she was asked by Hadley Gamble, CNBC's Middle East anchor, if Aramco could go for a dual listing on the Riyadh market and Nasdaq and replied: "With any company of that size and liquidity you could support a dual listing and allow fungibility (interchangeability) across markets.
If you look at the properties of gold, such as scarcity, fungibility, portability, durability, and visibility, Bitcoin equals better gold across the board.
It gives [Monero] users access to [Litecoin's] liquidity ([Litecoin] is on close to all exchanges) and gives [Litecoin] users easy access to anonymity and fungibility of Monero," he (https://twitter.
The Protocol allows parties to update their legacy transactions to apply the new terms, maintaining fungibility between legacy and new transactions and ensuring that the sanctions order does not prevent legacy transactions from being included in any CDS auction that might be held in future.
67), resulting in a lack of fungibility across the yield curve.
Promoted by abortion opponents for four decades, the fungibility argument is central to several long-standing strategic goals of those opposed to abortion and reproductive rights more generally: to make abortion care less accessible; to stigmatize abortion and isolate it from other health services; and to use opposition to abortion as a cover to weaken reproductive health services and providers more broadly.
However, their use as an investment has been limited in the past due to complicated market practices and a lack of fungibility.
in particular, but there are lots of things that are the same--the access to capital, the absolute cost of our value chain, the relative lack of fungibility of this product vs.
This quote also demonstrates nicely the principle of fungibility as a drawback to donor-driven development.
The decision to introduce full fungibility of foreign investment in the private banking sector is also being seen as an attempt to ease the norms for doing business in the country.