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[fuhn-juh-buh l] /ˈfʌn dʒə bəl/
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 of fungible
1755-65; < Medieval Latin fungibilis, equivalent to Latin fung(ī) to perform the office of + -ibilis -ible
Related forms
fungibility, noun
nonfungible, adjective
unfungible, adjective
Can be confused
frangible, fungible. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for fungibility
  • Therefore, increased fungibility of the product improves distribution efficiencies and lowers costs.
  • Another complication raised by the implementation of the ethanol mandate is the loss of fungibility for conventional fuel.
  • Fourth, the regulatory framework needs to account for the fungibility of financial products, actors and markets.
  • However, in the case of money, possession may be the only effective means given its fungibility.
British Dictionary definitions for fungibility


(often pl) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc
having the nature or quality of fungibles
Derived Forms
fungibility, noun
Word Origin
C18: from Medieval Latin fungibilis, from Latin fungī to perform; see function
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for fungibility



"capable of being used in place of another," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi "perform," as in fungi vice "to take the place" (see function). Earlier as a noun (1765).

Online Etymology Dictionary, © 2010 Douglas Harper
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