fungible
noun
- something that is fungible: a good one part or quantity of which can be substituted for another of equal value in satisfying an obligation —usually used in plural
adjective
- being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account
- capable of mutual substitution : interchangeable
- readily changeable to adapt to new situations : flexible
Wiktionary
Pronunciation: /ˈfʌndʒɪbəl/
adj
Etymology: 1765 as noun, 1818 as adjective, from Medieval Latin fungibilis, from Latin fungor (“to perform, discharge a duty”) + -ible (“able to”). Originally a legal term, going back to Roman law: res fungibiles (“replaceable things”).
- Able to be substituted for something of equal value or utility.
“.”
“Take away this fungible instrument from the service of our necessities and how shall we exercise our Charity, which is a branch of Religion and Justice, as well as of Humanity?”
noun
Etymology: 1765 as noun, 1818 as adjective, from Medieval Latin fungibilis, from Latin fungor (“to perform, discharge a duty”) + -ible (“able to”). Originally a legal term, going back to Roman law: res fungibiles (“replaceable things”).
- Any fungible item.
“The archetypical fungible is money: if I drop a £1 coin in the street it is a matter of indifference to me whether I pick up that coin or another £1 coin lying next to it.”