Definition of fungible in English:

fungible

adjective

Law
  • (of goods contracted for without an individual specimen being specified) replaceable by another identical item; mutually interchangeable.

    ‘it is by no means the worlds only fungible commodity’
    • ‘In the media, television stations thousands of miles apart would hire fungible newscasters who looked and acted the same.’
    • ‘Most evidence suggests that aid money is fungible - that is, that it goes into the pot of public funds and is spent on whatever the recipient wants to spend it on.’
    • ‘The solution was to provide legislatively for rights equivalent to co-ownership by customers of fungible securities held by the settlement systems.’
    • ‘One that acknowledges that my candidate's speech is mine, that hard money is fungible with soft money, and thus that both should be regulated the same way.’
    • ‘The fungible funds bridge the budget deficit - the proceeds of divestment subsidise the profligacy of the Union government.’
    • ‘In defending such laws, the Administration argues that money is fungible, so support of a group's lawful activities will free up resources that can be spent on terrorism.’
    • ‘Green Tags function on the principle that electrical power is fungible - that is, one unit of it is identical in use to another, regardless of its source.’
    • ‘Money is fungible, and stopping them from transferring these funds would require a whole new micro-surveillance of wealth transfers in the world.’
    • ‘Certainly, this appears to be the case for a country like Iran, where the major export is a largely fungible commodity that can be easily diverted to other markets.’
    • ‘For Enron, where everything was fungible, conservation made financial sense: The company could help its customers save energy, then resell those savings to someone else.’
    • ‘I know enough about the appropriations process to know that federal money isn't entirely fungible, but I think this is a valid question because of the enormous debt we have taken on in order to liberate Iraq.’
    • ‘Sanctioned countries with exports that are fungible commodities and that are limited in supply (such as oil) feel very little effect from U.S. sanctions on their exports.’
    • ‘The financial industry is clearly on the leading edge of moving toward e-commerce as a solution; and with fungible products such as insurance or money, it is a perfect e-commerce candidate.’
    • ‘But for the growing number of techies who toil at making products and services more user - friendly, job titles are more fungible - and more confusing.’
    • ‘The Court reasoned that since money is fungible, government funding for secular purposes could be used by religious organizations for sectarian ends.’
    • ‘Some would argue that this is both pedantic and unrealistic, since money is fungible and one £10 note is for all purposes the same as another.’
    • ‘Pure competition, as Schumpeter sees it, exists only in open markets for fungible commodity products.’
    • ‘We had a little bit of a blind spot in that we always thought that smartness was fungible into whatever needed to be done, because a few of our early employees were like that.’
    • ‘Law's statement is simply incredible to anyone who realizes that money is fungible and that insurance is not free.’
    • ‘Not only is 20 percent of mortgage debt sold to foreign banks and other foreign buyers outright, but modern finance has made all liquid instruments de facto fungible.’

Origin

Late 17th century: from medieval Latin fungibilis, from fungi ‘perform, enjoy’, with the same sense as fungi vice ‘serve in place of’.

Pronunciation

fungible

/ˈfʌn(d)ʒɪb(ə)l/