Definition, Meaning & Synonyms
fungible
Adjective
/ˈfʌndʒəbl/
Definition
Capable of being replaced by another identical item; interchangeable.
Examples
- Cash is a fungible asset; you can exchange one dollar for another without losing value.
- Many commodities, like oil and wheat, are considered fungible because they can be traded in bulk.
Meaning
In finance and economics, a fungible asset is one that can be easily exchanged for another asset of the same type and value.
Synonyms
- Interchangeable
- Replaceable
- Commutable
