fungibility

fun·gi·ble  (fnj-bl)

adj.

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.

n.

Something that is exchangeable or substitutable. Often used in the plural.

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

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fungi·bili·ty n.

Thesaurus

Noun

1.

fungibility - the quality of being capable of exchange or interchange exchangeability, interchangeability, interchangeableness 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 for....trade 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