fungible
Fungible (adjective) means Able to be exchanged for another unit of the same kind without any difference in value, because every unit is identical in worth. Example: “Money is fungible: one twenty-pound note will do the job of any other.”
How to Use Fungible
Learner’s notesIn plain EnglishOne is as good as another, so you can swap them.
Formal; mainly used in law, economics and finance, though it has spread into general writing through cryptocurrency.
Stress the first syllable and pronounce the g softly, like the j in judge.
Trace the full origin ↓Fill the Gap
Can you complete this real example?
Money is _____: one twenty-pound note will do the job of any other.
Etymology
From medieval Latin fungibilis, from the phrase fungi vice, 'to serve in place of', from fungi, 'to perform'.
Synonyms
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Related Words
Rhymes for fungible
See all rhymes for fungible →Frequently Asked Questions
What does non-fungible mean?
Non-fungible means each item is one of a kind and cannot be swapped for an identical one at equal value. A specific painting is non-fungible; a pound coin is fungible. That is the idea behind an NFT, or non-fungible token, which records ownership of a unique digital item.
What is the difference between fungible and liquid?
Fungible describes whether units are interchangeable with each other. Liquid describes how quickly something can be turned into cash without losing value. Gold is highly fungible and fairly liquid; a house is neither.
Are all currencies fungible?
In principle yes, since one banknote spends like another of the same denomination. In practice fungibility can break down when units are traceable, which is why some cryptocurrency coins with tainted transaction histories are treated as worth less.