Advertisement
Vocabulary Entry
fungible
|adjective • noun
Advertisement
A
adjective
Able to be exchanged or replaced with something of equal value.
Example Sentences
"Money is a fungible asset, as one dollar bill can be exchanged for another."
"In a marketplace, goods like grains are often considered fungible because they can be swapped for the same type and quality."
"Cryptocurrencies are typically fungible, meaning that each unit is interchangeable with another unit of the same type."
N
noun
An item that is interchangeable with another of the same type.
Example Sentences
"In finance, stocks are considered fungibles since each share of a company is identical to another share."
"Commodities like oil and gold are often referred to as fungibles in trading."
"The concept of fungibles is important in economic theories about value and exchange."