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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 ?
However, the fungibility of financial flows renders the alleged connection tenuous.
But when you're selling mortgages, their fungibility, their commoditization, causes people to think the only differentiating feature is price.
federal income tax purposes with the New Notes issued on the Early Settlement Date (the "Tax Fungibility Condition").
Blanchard,III) continues to carry forth a legacy of trust, professionalism and innovation as it leads the global bullion dealer industry in technological innovations, providing for greater liquidity and fungibility.
In the WIDER Working Paper 'Fungibility and the Choice of Aid Modalities: The Red Herring Revisited' Stefan Leiderer looks at three different aid modalities and assesses the impact each has on aid fungibility.
In addition, these companies will enjoy greater fungibility of capital with the ability to move hinds in and out of the EU," Holzberger said.
The shareholders use an interest-free loan (Qard) to the policyholders' fund to improve capital fungibility.
Perhaps its fungibility allowed me to take many directions.
Third, MNEs utilize capital fungibility to structure related
In short, fetishism describes the fungibility of the world of things.
Remaining limitations on the fungibility of all STRIPS maturing on a common date.
58) Until now, however, there has been no way for partnerships to remedy fungibility problems caused by either: (i) the lack of basis adjustment to allocate to the contributed property, or (ii) different recovery periods for built-in gain and special basis adjustments.