fungible

American  

[fuhn-juh-buhl] / ˈfʌn dʒə bəl /

adjective

1. 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.

2. 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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fungible British  

/ ˈfʌndʒɪbəl /

noun

1. (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc

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adjective

1. having the nature or quality of fungibles

Other Word Forms

• fungibility noun
• nonfungible adjective
• unfungible adjective

Etymology

Origin of fungible

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

Related Words

• compatible
• synonymous