Definition of fungible in English:

fungible

adjective

Law
  • (of goods contracted for without an individual specimen being specified) able to replace or be replaced by another identical item; mutually interchangeable.

    ‘money is fungible—money that is raised for one purpose can easily be used for another’
    • ‘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.’
    • ‘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.’
    • ‘The Court reasoned that since money is fungible, government funding for secular purposes could be used by religious organizations for sectarian ends.’
    • ‘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.’
    • ‘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.’
    • ‘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.’
    • ‘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.’
    • ‘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.’
    • ‘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.’
    • ‘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.’
    • ‘Law's statement is simply incredible to anyone who realizes that money is fungible and that insurance is not free.’
    • ‘Money is fungible, and stopping them from transferring these funds would require a whole new micro-surveillance of wealth transfers in the world.’
    • ‘The fungible funds bridge the budget deficit - the proceeds of divestment subsidise the profligacy of the Union government.’
    • ‘In the media, television stations thousands of miles apart would hire fungible newscasters who looked and acted the same.’
    • ‘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.’
    • ‘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.’
    • ‘The solution was to provide legislatively for rights equivalent to co-ownership by customers of fungible securities held by the settlement systems.’
    • ‘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.’

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

/ˈfənjəbəl/