fungible
pronunciation
How to pronounce fungible in British English:
UK ['fʌndʒɪbl]
How to pronounce fungible in American English:
US ['fʌndʒəbəl]
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- Noun:
- a commodity that is freely interchangeable with another in satisfying an obligation
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- Adjective:
- of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation
Word Origin
- fungible (adj.)
- "capable of being used in place of another; capable of being replaced," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi "perform" (see function (n.)) via phrases such as fungi vice "to take the place." Earlier as a noun (1765).
Example
- 1. But financial innovation and globalisation have made capital fungible .
- 2. Since government money is so fungible , the distinction is an odd one .
- 3. Money is fungible and the receipt of foreign assistance for economic development projects allows allied governments to divert other funds .
- 4. Your daughter has discovered that money is fungible .
- 5. Easily digitized and transferred to lower-wage locations is fungible .