Fungible
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.
Usage tips
Neutral
fungible assets, fungible goods, fungible tokens
adjective
Fungibility also refers to the quality of being measurable and interchangeable with other goods.
The fungible nature of shares allows for ease of trading on stock markets.
Usage tips
Neutral
fungible markets, fungible properties
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.
Usage tips
Neutral
fungible assets, fungible goods, fungible tokens
adjective
Fungibility also refers to the quality of being measurable and interchangeable with other goods.
The fungible nature of shares allows for ease of trading on stock markets.
Usage tips
Neutral
fungible markets, fungible properties
Definition 1 of 2
Pro Tip 1/3Context
Understanding 'fungible' is key in finance and law.
In legal terms, knowing which items are fungible is essential for contracts.
Pro Tip 2/3Exchange
Fungibility emphasizes the idea of equal value.
Noting that while goods like oil are fungible, individual artworks are not.
Pro Tip 3/3Value
Recognizing the concept of fungibility helps in making informed economic decisions.
In cryptocurrency, understanding which tokens are fungible is crucial.
Pro Tip 1/3Context
Understanding 'fungible' is key in finance and law.
In legal terms, knowing which items are fungible is essential for contracts.
Pro Tip 2/3Exchange
Fungibility emphasizes the idea of equal value.
Noting that while goods like oil are fungible, individual artworks are not.
Pro Tip 3/3Value
Recognizing the concept of fungibility helps in making informed economic decisions.
In cryptocurrency, understanding which tokens are fungible is crucial.
Pro Tip 1/3Context
Understanding 'fungible' is key in finance and law.
In legal terms, knowing which items are fungible is essential for contracts.
Pro Tip 2/3Exchange
Fungibility emphasizes the idea of equal value.
Noting that while goods like oil are fungible, individual artworks are not.
Pro Tip 3/3Value
Recognizing the concept of fungibility helps in making informed economic decisions.
In cryptocurrency, understanding which tokens are fungible is crucial.
Never forget "Fungible"
Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!
WordUp Chrome Extension
As you browse the web instantly look up words you don’t know.
Get Chrome Extension