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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.
often fungibles Law Something that is fungible.
[Medieval Latin fungibilis, from Latin fungī (vice), to perform (in place of).]
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|Noun||1.||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 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"
liquidity - being in cash or easily convertible to cash; debt paying ability