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 …

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.

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 …

Jul 2, 2025 · Key Points Fungible items can be swapped as they hold identical value, e.g., currency and stocks. Non-fungible items have unique traits, giving them varying values, such as real estate.

FUNGIBLE definition: 1. easy to exchange or trade for something else of the same type and value: 2. easy to exchange or…. Learn more.

Aug 22, 2025 · 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...

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 …

Of goods or products, that they are all of a kind, not unique, and replaceable by other goods of the same kind; for example, crops are fungible while a painting by Rembrandt is not.

fungible - Interchangeable, returnable, or easily replaced. See also related terms for interchangeable. Farlex Trivia Dictionary. © 2012 Farlex, Inc. All rights reserved.

Something is fungible if one unit of that product is substantially equivalent to another unit of the same product that has the same quality at a specific time and place.