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Legal Dictionary

fungible

Legal Definition of fungible

See also


Definition of fungible

Etymology

    From Latin fungor "discharge a duty" and -ible "able to".

Pronunciation

  • IPA: /ˈfʌn.dʒɪ.bəl/

Adjective

fungible (comparative more fungible, superlative most fungible)

  1. (finance and commerce) Able to be substituted for something of equal value.

    * 1876 [1877], Samuel Dana Horton, Silver and Gold and Their Relation to the Problem of Resumption, p. 116,
    Gold is fungible. Silver is fungible; that is, these metals are both so homogeneous that, if I get a pound of pure gold, for example, it is indifferent to me whether it be this pound or that pound, one is as good as another

  2. Interchangeable.

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



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