1. able to be exchanged or replaced by another identical item; interchangeable
Usage: legal; economics

Examples

• Money is fungible because one dollar bill can be replaced by any other dollar bill.
• Oil is a fungible commodity that can be traded on global markets.
• The contract specified that the goods must be fungible and of equal quality.
• Gold bars are fungible assets since they have identical value regardless of their source.
• Unlike fungible tokens, each piece of artwork is unique and irreplaceable.
• The lawyer explained that fungible property can be measured by quantity rather than individual characteristics.