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fungible

1 of 2

adjective

fun·​gi·​ble ˈfən-jə-bəl How to pronounce fungible (audio)
1
: being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account
Oil, wheat, and lumber are fungible commodities.
fungible goods
2
: capable of mutual substitution : interchangeable
… the court's postulate that male and female jurors must be regarded as fungible George Will
3
: readily changeable to adapt to new situations : flexible
Managers typically use more than a hundred different lineups over the course of the season. Batting orders are so fungible that few players last long in one spot. Tom Verducci
fungibility noun

fungible

2 of 2

noun

: something that is fungible (see fungible entry 1 sense 1) : a good one part or quantity of which can be substituted for another of equal value in satisfying an obligation
usually used in plural
Fungibles may be valued by weight or measure.

Did you know?

Fungible—which derives from the Latin verb fungi, meaning "to perform" (no relation to the noun fungus and its plural fungi)—is a word that often shows up in legal and political contexts. Something fungible can be exchanged for something else of the same kind. For example, when we say "oil is a fungible commodity," we mean that when a purchaser is expecting a delivery of oil, any oil of the stipulated quantity and quality will usually do. Another example of something fungible is cash. It doesn't matter what twenty dollar bill you get—it's still worth the same amount as any other twenty dollar bill. In contrast, something like a work of art isn't fungible; a purchaser would expect a specific, identifiable item to be delivered. In broader use, fungible can mean "interchangeable," or sometimes "readily changeable to adapt to new situations."

Example Sentences

Adjective since fruits and vegetables are regarded as fungible in this diet, you are allowed a total of five servings of either or both
Recent Examples on the Web
Adjective
The Merge is happening now because ethereum is mature enough to handle financial payments, store non-fungible tokens, trade crypto and host smart contracts, said blockchain expert Merav Ozair. Khristopher J. Brooks, CBS News, 15 Sep. 2022 Earlier this summer, Washington and Pennsylvania became the first two states to tax the sale of non-fungible tokens, or NFTs. Nina Raemont, Smithsonian Magazine, 14 Sep. 2022 When asked if this meant Roblox was considering getting into non-fungible tokens (NFTs), which are also digital and collectible, Bronstein said the company didn’t need to get on the blockchain. Shannon Liao, Washington Post, 9 Sep. 2022 The death of 96-year-old Queen Elizabeth II set off a mad Web3 rush Thursday to hawk cryptocurrencies and non-fungible tokens in the deceased monarch’s name, Fortune’s Sophie Mellor reported. Jacob Carpenter, Fortune, 9 Sep. 2022 Miramax’s suit against Quentin Tarantino over plans to release non-fungible tokens based on Pulp Fiction has settled. Winston Cho, The Hollywood Reporter, 8 Sep. 2022 The company is spending aggressively on the launch of its new marketplace for non-fungible tokens (NFTs), digital assets that have taken the collectibles world by storm. Paul R. La Monica, CNN, 7 Sep. 2022 Blackpink Arrive at the 2022 MTV VMAs Sports collectibles have surged in value and popularity over the past year along with non-fungible tokens, sneakers and other alternative asset classes. Tim Smith/bloomberg, Time, 29 Aug. 2022 Other crypto products, including NFTs (non-fungible tokens), are akin to art and other collectibles. Jay Clayton, WSJ, 25 Aug. 2022 See More

Word History

Etymology

Adjective and Noun

New Latin fungibilis, from Latin fungi to perform — more at function

First Known Use

Adjective

1649, in the meaning defined at sense 1

Noun

1681, in the meaning defined above

Time Traveler
The first known use of fungible was in 1649

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