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fungibility

[fuhn-juh-buhl]

adjective Law.

(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.

Origin:
1755–65; < Medieval Latin fungibilis, equivalent to Latin fung(ī) to perform the office of + -ibilis -ible

Related forms

fun·gi·bil·i·ty, noun

non·fun·gi·ble, adjective

un·fun·gi·ble, adjective

Can be confused: frangible, fungible.

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Fungibility is always a great word to know.

So is ort. Does it mean:

a scrap or morsel of food left at a meal.

a fool or simpleton; ninny.

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Collins

World English Dictionary

fungible (ˈfʌndʒɪb^əl)

—n
1.	(often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc

—*adj*
2.	having the nature or quality of fungibles

[C18: from Medieval Latin fungibilis, from Latin fungī to perform; see function]

fungi'bility

—n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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