1. Goods or items that are interchangeable and replaceable by identical items of the same kind and quality, especially in legal and commercial contexts.
Usage: Usually used in plural; legal/commercial term; Contrasts with non-fungible items (unique or irreplaceable)

Examples

• Money and grain are classic examples of fungibles because one dollar bill can be replaced by another dollar bill of equal value.
• In contract law, fungibles are goods that can be substituted for one another without loss of value.
• Oil, wheat, and other commodities are fungibles traded on global markets.
• The court ruled that the borrowed funds were fungibles and could be repaid with equivalent currency.
• Unlike a painting or a car with a unique serial number, fungibles such as coins or standard merchandise have no individual identity.
• The warehouse stored fungibles like rice and sugar that could be easily replaced if damaged.