fungible
/ˈfʌndʒəbəl/
adjective
- Able to be replaced or exchanged with another identical item, especially in legal or financial contexts.
- Cryptocurrencies like Bitcoin are fungible because each unit is identical to another.
- Money is fungible, so any dollar bill can be swapped for another.
- In the contract, the goods were considered fungible, so the buyer accepted a different batch.
Synonyms
Antonyms
noun
- An item that is interchangeable with another of the same type.
- These shares are fungibles, so you can trade them without worrying about which specific certificate you own.
- The lawyer explained that the assets were fungibles, meaning any unit could replace another.
- In warehouse storage, fungibles like grain are mixed together from different suppliers.