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Definition 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.
2. Noun. A commodity that is freely interchangeable with another in satisfying an obligation.
Definition of Fungible
1. Adjective. (finance and commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable. ¹
2. Noun. (mostly plural) Any fungible item. ¹
¹ Source: wiktionary.com
Definition of Fungible
1. something that may be exchanged for an equivalent unit of the same class [n -S]
Lexicographical Neighbors of Fungible
Literary usage of Fungible
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Principles of German Civil Law by Ernest Joseph Schuster (1907)
"Things fungible and Things not fungible. 73. ... Money is a fungible thing, though
a particular coin may be bought, lent, pawned, deposited, or given away. ..."
2. Capital and Interest: A Critical History of Economical Theory by Eugen von Böhm-Bawerk (1922)
"These are called in law fungible goods.i Since no importance attaches to their
individuality, the replacing goods perfectly supply the place of the replaced ..."
3. The History and Principles of the Civil Law of Rome: An Aid to the Study of by Sheldon Amos (1883)
"(3) THINGS fungible AND THINGS NOT fungible. There are some things which are
individually determined, and which, if they become the subject-matter of a ..."
4. Lectures on Jurisprudence, Or, the Philosophy of Positive Law by John Austin, Robert Campbell (1880)
"Things are fungible or not fungible, not in their own nature, but with reference
to the terms of the given obligation. fungible things are often confounded ..."
5. Modern American Law: A Systematic and Comprehensive Commentary on the by Eugene Allen Gilmore, William Charles Wermuth (1917)
"... where the goods which are the subject of the contract are fungible, that is,
goods which are always sold by weight or measure, so that it can make no ..."
6. The American Cyclopaedia: A Popular Dictionary of General Knowledge by George Ripley, Charles Anderson Dana (1883)
"fungible, a word supposed to be derived from the phrase ... Thus money is nearly
always a fungible, because so much paid in any way that is a legal tender ..."
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