fungible

[ fuhn-juh-buh l ]
/ ˈfʌn dʒə bəl /

adjective Law.

(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.

Origin of fungible

1755–65; < Medieval Latin fungibilis, equivalent to Latin fung(ī) to perform the office of + -ibilis -ible

Related forms

fun·gi·bil·i·ty, nounnon·fun·gi·ble, adjectiveun·fun·gi·ble, adjective

Can be confused

frangible fungible
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for fungible

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

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