fungible
adjective
uk/ˈfʌndʒəbl/ us COMMERCE, LAW
fungible goods are easy to exchange for others of the same type and value:
Technological advances have given gas the potential to be a fungible global commodity like oil.
FINANCE, LAW
fungible shares, bonds, etc. are easy to trade for others of the same type and value :
fungible assets
Compare
nonfungible
fungible
noun [ C ]
uk/ˈfʌndʒəbl/ us COMMERCE, FINANCE, LAW
something such as a currency, share, or goods, that can easily be exchanged for others of the same value and type:
Several million dollars of fungibles were illicitly moved from the bank.
fungibility
noun [ U ]
Cash has the advantage of fungibility.