FUNGIBLE Definition Meaning - Merriam-Webster Something described as 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
FUNGIBLE Definition Meaning | Dictionary. com FUNGIBLE definition: (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind See examples of fungible used in a sentence
Fungibility - Wikipedia A good is fungible if one unit of the good is equivalent to another unit of the same good, whereas a good is said to be liquid if it can be easily exchanged for money or a different good
Understanding Fungibility in Finance and Its Importance Fungibility refers to the ability of an asset to be exchanged effortlessly with another item of the same kind and value Money is a prime example of a fungible asset, which can be exchanged
fungible, adj. n. meanings, etymology and more | Oxford English . . . There are two meanings listed in OED's entry for the word fungible See ‘Meaning use’ for definitions, usage, and quotation evidence OED's earliest evidence for fungible is from 1649, in the writing of Anthony Ascham, diplomat and pamphleteer
Fungible - Definition, Meaning Synonyms | Vocabulary. com The “g” in fungible is pronounced like a “j” or like the “g” in “fudge,” though fungible things aren't always tasty Fungible comes from a Latin phrase meaning “to serve in place of” and that's what something that's fungible does: serves in place of what it's exchanged for