Fungible

Pronunciation: /ˈfʌndʒɪbəl/

Fungible (adj)

  1. Able to be exchanged for another of the same kind because each one is essentially the same in value and use.
  2. Used in agreements to mean units can replace each other without changing the deal’s outcome.
  3. In finance, refers to holdings that are treated as equivalent, so one unit can stand in for another.

Fungible (adjective)

Examples

  • These tickets are fungible, so any seat works for the same event.
  • The parts are fungible, meaning you can replace one with another.