Tuesday, August 24, 2004
fungible adjective [FUHN-juh-buhl] (Law) Freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation.
Definitions for fungible
- (Law) Freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation.
- 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.
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.
Origin of fungible
Fungible comes from Medieval Latin fungibilis, from Latin fungi (vice), "to perform (in place of)."