fun·gi·ble 1 /'fən-jə-bəl/ adj [New Latin fungibilis, from Latin fungi to perform]: being something (as money or a commodity) one part or quantity of which can be substituted for another of equal value in paying a debt or settling an account
oil, wheat, and lumber are fungible commodities
fungible 2 n: something that is fungible

Merriam-Webster’s Dictionary of Law. . 1996.

Interchangeable; describes goods that are essentially identical to one another and that can replace one another, e.g., oil, grain, or money.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

adj. 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.

Webster's New World Law Dictionary. . 2000.

A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour.

Dictionary from West's Encyclopedia of American Law. 2005.

A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • fungible — fun‧gi‧ble [ˈfʌndʒbl] adjective 1. COMPUTING fungible things can be exchanged for another amount of the same thing, or used instead of another thing: • External PC and Mac modems are generally fungible, swapping them usually requires new cables …   Financial and business terms

  • fungible — adjetivo 1. Uso/registro: administrativo. Que se consume o gasta con el uso: Esta partida del presupuesto es para material fungible. bienes* fungibles …   Diccionario Salamanca de la Lengua Española

  • fungible — [fun′jə bəl] adj. [ML fungibilis < L fungi, to perform: see FUNCTION] Law designating movable goods, as grain, any unit or part of which can replace another unit, as in discharging a debt n. [ME (res) fungibilis] a fungible thing fungibility n …   English World dictionary

  • fungible — capable of being used in place of another, 1765 (n.), 1818 (adj.), a word in law originally, from M.L. fungibilis, from L. fungi perform, as in fungi vice to take the place (see FUNCTION (Cf. function)) …   Etymology dictionary

  • fungible — (Del lat. fungi, gastar, y ble). adj. Que se consume con el uso. ☛ V. bienes fungibles …   Diccionario de la lengua española

  • fungible — adjective /ˈfʌn.dʒɪ.b(ə)l/ Able to be substituted for something of equal value or utility; interchangeable. Gold is fungible. Silver is fungible; that is, these metals are both so homogeneous that, if I get a pound of pure gold, for example, it… …   Wiktionary

  • fungible — ► adjetivo 1 Que se gasta con el uso: ■ los vehículos son máquinas fungibles. SINÓNIMO consumible extinguible 2 DERECHO Se aplica a los bienes muebles de los que no puede hacerse un uso adecuado sin consumirlos. * * * fungible (del lat. «fungi»,… …   Enciclopedia Universal

  • fungible — {{#}}{{LM F18475}}{{〓}} {{SynF18957}} {{[}}fungible{{]}} ‹fun·gi·ble› {{《}}▍ adj.inv.{{》}} Que se consume con el uso: • Los materiales de oficina se consideran bienes fungibles.{{○}} {{★}}{{\}}ETIMOLOGÍA:{{/}} Del latín fungi (consumir).… …   Diccionario de uso del español actual con sinónimos y antónimos

  • fungible — I. noun Date: circa 1765 something that is usually used in plural II. adjective Etymology: New Latin fungibilis, from Latin fungi to perform more at function Date: 1818 1. being of such a nature that one part or quantity may be replaced by… …   New Collegiate Dictionary

  • fungible — adjetivo gastable, agotable, consumible. Generalmente se emplea en la expresión material fungible …   Diccionario de sinónimos y antónimos

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