Fungible Meaning in English
word
Definition
Something is fungible if it can be exchanged or replaced by another item of the same kind and equal value, like units of money or identical goods.
Usage & Nuances
'Fungible' is formal and common in legal, financial, and business contexts. Often used with assets, goods, currencies, and resources. Do not confuse with 'non-fungible', which means unique and not interchangeable. Rare in everyday speech.
Example Sentences
Money is fungible, because one dollar bill is the same as another.
basic
Rice is a fungible good in trade.
basic
Oil is considered a fungible resource.
basic
Unlike paintings, digital currencies are completely fungible.
natural
The lawyer explained that shares in the company are fungible assets.
natural
In a barter system, not everything is fungible, which makes trade harder.
natural