Fungible

usgb/ˈfʌn.dʒə.bəl/
adjective

Fungible items are those that can be exchanged for other items of the same kind and value.

Money is a fungible asset because any dollar bill can be exchanged for any other dollar bill.
Visual representation of "fungible" - Fungible items are those that can be exchanged for other items of the same kind and value.

Usage tips

Neutral

fungible assets, fungible goods, fungible tokens

Definition 1 of 2
Visual representation of "fungible"
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Context

Understanding 'fungible' is key in finance and law.

Illustration for Context
In legal terms, knowing which items are fungible is essential for contracts.
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Exchange

Fungibility emphasizes the idea of equal value.

Illustration for Exchange
Noting that while goods like oil are fungible, individual artworks are not.
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Value

Recognizing the concept of fungibility helps in making informed economic decisions.

Illustration for Value
In cryptocurrency, understanding which tokens are fungible is crucial.
Visual representation of the word "Fungible"

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