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Word of the Day
Tuesday, August 24, 2004

Definitions for fungible

  1. (Law) Freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation.
  2. Interchangeable.
  3. Something that is exchangeable or substitutable. Usually used in the plural.

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Citations for fungible
People think this tax is for Social Security. But tax monies are really fungible. They get raided all the time. Eugene Ludwig, Forbes
The setting is Ireland in the 1950's, but, a cynical reader might reflect, this sort of fiction is so common that the characters will be completely fungible. Susan Isaacs, New York Times
Origin of fungible
1755-1765
Fungible comes from Medieval Latin fungibilis, from Latin fungi (vice), "to perform (in place of)."