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Fungible - What does it mean?

fungible | |

fungible

English

(Fungibility)

Adjective

(en adjective)
  • (finance, and, commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable.
  • * 1876 [1877], , Silver and Gold and Their Relation to the Problem of Resumption , page 116:
    • Gold is fungible'. Silver is ' fungible ; that is, these metals are both so homogeneous that, if I get a pound of pure gold, for example, it is indifferent to me whether it be this pound or that pound, one is as good as another
  • * 2011 , Will Self, “The frowniest spot on Earth”, London Review of Books , XXXIII.9:
    • At the core of Kasarda’s conception of the aerotropolis lies the notion that space – unlike time – is fungible .

    Derived terms

    * (l)

    Noun

    (en noun)
  • (chiefly, in the plural) Any fungible item.

    • References

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    Not English

    has no English definition. It may be misspelled.