fungibility

[fʌn.dʒəˈbɪl.ə.ti]

fungibility Definition

the quality of being interchangeable or able to replace something else of equal value.

Using fungibility: Examples

Take a moment to familiarize yourself with how "fungibility" can be used in various situations through the following examples!

• Example

  Gold is a fungible commodity.

• Example

  Money is fungible because any two units of currency are interchangeable.

• Example

  Bitcoin's fungibility has been a topic of debate among investors.

fungibility Synonyms and Antonyms

Synonyms for fungibility

• interchangeability
• replaceability
• convertibility

Phrases with fungibility

• non-fungible

  not interchangeable or replaceable with something else of equal value

  Example

  Artworks are non-fungible assets, as each piece is unique and cannot be replaced by another.

• fungible goods

  goods that are interchangeable with other goods of the same type and value

  Example

  Oil, wheat, and corn are examples of fungible goods.

• fungible asset

  an asset that can be exchanged for another asset of the same type and value

  Example

  Currency is a fungible asset, as any two units of currency have the same value and can be exchanged for each other.

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Summary: fungibility in Brief

The term 'fungibility' [fʌn.dʒəˈbɪl.ə.ti] refers to the quality of being interchangeable or able to replace something else of equal value. It is often used in economics and finance to describe commodities, currencies, and other assets that can be exchanged for one another without loss of value. Examples include 'Gold is a fungible commodity.' and 'Money is fungible because any two units of currency are interchangeable.'