Fungible - Meaning, Definition & English Examples
Fungible describes something that can be replaced by an identical item, making individual units interchangeable. It is commonly used for goods, currencies, or assets like cryptocurrencies.
Definition:
Capable of being exchanged or replaced with something identical in value or function.
Synonyms:
interchangeable, replaceable, exchangeable, identical
Part of Speech:
adjective
Antonyms:
unique, noninterchangeable, irreplaceable
Common Collocations:
fungible assets, fungible goods, fungible tokens
Derivatives:
fungibility, fungibly
Usage Tips:
Use "fungible" to describe items like currency or commodities that can be swapped without loss of value or function.
Common Phrases:
fungible goods, fungible assets, fungible tokens
Etymology:
Derived from Latin "fungibilis," meaning "to perform" or "to serve," via Medieval Latin legal usage.
Examples:
- 1. Bitcoin is often considered a fungible digital asset.
- 2. Gold bars are fungible because one ounce is identical to another in value.
- 3. The company treats all shares as fungible for trading purposes.
- 4. Fungible tokens can be exchanged one-for-one without distinction in blockchain systems.