fungible

[ˈfʌn.dʒə.bəl]

fungible Definition

able to replace or be replaced by another identical item; mutually interchangeable.

Using fungible: Examples

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

• Example

  Money is a fungible commodity.

• Example

  Oil is a fungible resource.

• Example

  The company's shares are fungible.

• Example

  Gold is a fungible asset.

fungible Synonyms and Antonyms

Synonyms for fungible

• interchangeable
• replaceable
• substitutable
• exchangeable
• commutable

Antonyms for fungible

• irreplaceable
• non-interchangeable
• unique

Phrases with fungible

• fungible goods

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

  Example

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

• fungible assets

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

  Example

  Gold, silver, and currency are examples of fungible assets.

• fungible tokens

  digital tokens that are interchangeable with other tokens of the same type and value

  Example

  Cryptocurrencies like Bitcoin and Ethereum are examples of fungible tokens.

Origins of fungible

from Latin 'fungibilis', meaning 'that may be used, spent, or consumed'

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Summary: fungible in Brief

'Fungible' [ˈfʌn.dʒə.bəl] refers to items that can be replaced or exchanged with identical items. It is often used to describe commodities, resources, and assets, such as 'Oil is a fungible resource.' 'Fungible' extends into phrases like 'fungible goods,' denoting interchangeable goods of the same type and value, and 'fungible tokens,' referring to digital tokens that are interchangeable with other tokens of the same type and value.