What does fungible mean?

Definitions for fungible
ˈfʌn dʒə bəlfun·gi·ble

This dictionary definitions page includes all the possible meanings, example usage and translations of the word fungible.

Princeton's WordNet

  1. fungibleadjective

    a commodity that is freely interchangeable with another in satisfying an obligation

  2. fungibleadjective

    of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation

Wiktionary

  1. fungiblenoun

    Any fungible item.

  2. fungibleadjective

    Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable.

  3. Etymology: From fungor "discharge a duty" and -ible "able to".

Wikipedia

  1. fungible

    In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts is indistinguishable from any other part. Fungible tokens can be exchanged or replaced; for example, a $100 note can easily be exchanged for twenty $5 bills. In contrast, non-fungible tokens cannot be exchanged in the same manner. For example, gold is fungible because its value doesn’t depend on any specific form, whether of coins, ingots, or other states. However, a unique item such as a gold statue by a famous artist would not be considered fungible. In short, a thing is fungible when all equivalent amounts of that thing are interchangeable. Fungible commodities include sweet crude oil, company shares, bonds, other precious metals, and currencies. Fungibility refers only to the equivalence and indistinguishability of each unit of a commodity with other units of the same commodity, and not to the exchange of one commodity for another.

ChatGPT

  1. fungible

    Fungible refers to a commodity, good or asset that is interchangeable with another of the same type. This interchangeability is based on the assumption that each unit is essentially identical to another unit. Examples of fungible assets include oil, gold, money, or cryptocurrencies, as they can be exchanged or substituted with minimal differences in value.

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Numerology

  1. Chaldean Numerology

    The numerical value of fungible in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of fungible in Pythagorean Numerology is: 4

Examples of fungible in a Sentence

  1. Mark Geragos:

    Presumably, there's going to be evidence that he used the card before, and he's going to claim, presumably, that he didn't know anything had happened to her -- that they had they had mixed their funds, and their funds were fungible.

  2. Marco Santamaria:

    If you believe there is an interest from the government to maintain PDVSA as a working entity, then this should be particularly beneficial for PDVSA bonds, but all money is fungible, so you never know if they redirect this money to other purposes.

  3. Gabe Roth:

    If Justice Antonin Scalia're Justice Antonin Scalia, Justice Antonin Scalia should have a broader recusal list, theoretically because Justice Antonin Scalia're more fungible at that level, Justice Antonin Scalia can be replaced.

  4. Jensen Huang:

    Because it's fungible, you don't have to buy all these different types of servers. Utilization will be higher, you've got 75 times the performance of a $5,000 server, and you don't have to buy all the cables.

  5. Christopher Green:

    Since money is completely fungible, you can't isolate the transactions that go to pay for bombs from those that pay for apartment buildings in Pyongyang.

Popularity rank by frequency of use

fungible#100000#122938#333333

Translations for fungible

From our Multilingual Translation Dictionary

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"fungible." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/fungible>.

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