adjective
fungible
FUN-juh-bul/ˈfʌndʒəbl/
Replaceable by another item of the same kind and value.
Money is fungible: one dollar has the same value as another.
Etymology
Latin fungi meant “perform,” and fungi vice meant “take the place.” The legal adjective describes something another equivalent item can replace, because either can serve in the same role.
In context
everything is fungible everything can be replaced
More examples
- The contract treats wheat of the same grade as fungible.
- These barrels of oil are fungible because their grade and quantity match.
- A signed first edition is not fungible with an ordinary copy.
Forms
fungible
fungibility noun — The quality of being mutually replaceable.
Similar words
- interchangeable
- Emphasizes substitution in use, not necessarily equal monetary value.
- replaceable
- Means something can be replaced, without requiring an equivalent item.