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).]
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.
(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]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
fungible- Interchangeable, returnable, or easily replaced.
See also related terms for interchangeable.
Farlex Trivia Dictionary. © 2012 Farlex, Inc. All rights reserved.
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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
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