fungible(redirected from fungiblely)
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Related to fungiblely: Fungible things
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.
often fungibles Law Something that is fungible.
[Medieval Latin fungibilis, from Latin fungī (vice), to perform (in place of).]
(Law) (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc
(Law) having the nature or quality of fungibles
[C18: from Medieval Latin fungibilis, from Latin fungī to perform; see function]
fun•gi•ble(ˈfʌn dʒə bəl)
(of goods) exchangeable or replaceable, in whole or in part, for another of like nature or kind.
[1755–65; < Medieval Latin fungibilis, derivative of Latin fung(ī) to perform the office of]
fungible- Interchangeable, returnable, or easily replaced.
See also related terms for interchangeable.
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|Noun||1.||fungible - a commodity that is freely interchangeable with another in satisfying an obligation|
|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