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fungible

[ fuhn-juh-buhl ]
/ ˈfʌn dʒə bəl /
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adjective
Law, Commerce. (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind: Appliances are usually fungible—that is, they can be replaced with cash or a similar item of equal value.
capable of being exchanged or interchanged; interchangeable: Neither ethanol nor biodiesel is fully fungible with petroleum-based fuels.Large corporations are likely to view both customers and employees as fungible, replaceable commodities.
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Origin of fungible

First recorded in 1640–50; from Medieval Latin fungibilis, equivalent to Latin fung(ī) “to perform, discharge, execute” + -ibilis -ible

OTHER WORDS FROM fungible

fun·gi·bil·i·ty [fuhn-juh-bil-i-tee], /ˌfʌn dʒəˈbɪl ɪ ti/, nounnon·fun·gi·ble, adjectiveun·fun·gi·ble, adjective

WORDS THAT MAY BE CONFUSED WITH fungible

frangible, fungible
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use fungible in a sentence

British Dictionary definitions for fungible

fungible
/ (ˈfʌndʒɪbəl) law /

noun
(often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc
adjective
having the nature or quality of fungibles

Derived forms of fungible

fungibility, noun

Word Origin for fungible

C18: from Medieval Latin fungibilis, from Latin fungī to perform; see function
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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