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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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
"A Panel Data Analysis of the Fungibility of Foreign Aid," The World Bank Economic Review, 12, 1, 1998, pp.
A worthy point illustrating the fungibility of identity, but once will do.
Despite the adoption of the concept of fungibility, the affiliated group concept that underlies the current interest expense allocation regime is based on an affiliated U.S.
The report, written by Mark Manyin, a Congressional Research Service analyst in Asian affairs, said a major concern involving Japan's possible financial assistance to North Korea is ''fungibility.''
An open architecture system must have the fungibility to be deployed in both applications.
While one could go on and quibble with other assertions--like the political chances of a high export tax in early 1861 or the fungibility of slave labor--Surdam knows his primary topic of economics and actually is more convincing on the impact of the blockade than he asserts.
One or more goods (noted for their high marketability, divisibility and fungibility) then serve as a social institution--the media of exchange.
The wider range of assets commercial banks can hold and the fungibility (interchange-ability) of advances weakens the connection between housing finance and FHLB lending to banks.
In tacitly conceding the fungibility of celebrity even while decrying it, Posner confirms Bourdieu's gloomy predictions about the direction modernity is swiftly taking us: away from scholarship and high culture as sources of social prestige and toward journalism and entertainment.
The key elements in the 1980s reform of the Budget Guidelines were the introduction of ministerial expenditure ceilings (MECs) for total outlays within each spending ministry (total-rammer); greater fungibility and decentralisation of the budget process; and the so-called "expanded total balance principle" (Det Udvidede Totalbalanceprincip).
Laxton's response to Mistress Gallipot's confusion comically highlights Moll's fungibility: "that were excellent: she might first cuckold the husband and t hen make him to as much for the wife!" (2.1.211-12).
is one of the few countries that allocates interest expense to foreign source income using a "fungibility" theory, Merrill and Dubert explain.