Meaning of fungible

fungible




If something is fungible, you can exchange it for something else. Why is it that you can trade a twenty dollar bill for a ten and two fives? Because money’s fungible!

The “g” in fungible is pronounced like a “j” or like the “g” in “fudge,” though fungible things aren’t always tasty. Fungible comes from a Latin phrase meaning “to serve in place of” and that’s what something that’s fungible does: serves in place of what it’s exchanged for.

Definitions of fungible
  1. adjective

    of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation

    Synonyms:

    exchangeable

    suitable to be exchanged
  2. noun

    a commodity that is freely interchangeable with another in satisfying an obligation

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    type of:

    commodity, good, trade good

    articles of commerce

Word Family

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