fungible

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.

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fungible [ˈfʌndʒɪb^əl] Law

n

(Law) (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc.

adj

(Law) having the nature or quality of fungibles

[from Medieval Latin fungibilis, from Latin fungī to perform; see function]

fungibility  n

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fungible - Interchangeable, returnable, or easily replaced.

See also related terms for interchangeable.

Thesaurus

Noun	1.	fungible - a commodity that is freely interchangeable with another in satisfying an obligation commodity, trade good, good - articles of commerce
Adj.	1.	fungible - of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order" exchangeable - suitable to be exchanged