fungible
English
WOTD – 27 June 2009
Etymology
1765 as noun, 1818 as adjective, from Medieval Latin fungibilis, from Latin fungor (“I perform, I discharge a duty”) (English function) + -ible (“able to”). Originally legal term.[1]
Pronunciation
- (UK) IPA(key): /ˈfʌndʒɪbəl/, /ˈfʌndʒɪbl/
- Rhymes: -ɪbəl, -ɪbl
Adjective
fungible (comparative more fungible, superlative most fungible)
- (finance and commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable.
- 1876 [1877], Samuel Dana Horton, Silver and Gold and Their Relation to the Problem of Resumption, page 116:
- Gold is fungible. Silver is fungible; that is, these metals are both so homogeneous that, if I get a pound of pure gold, for example, it is indifferent to me whether it be this pound or that pound, one is as good as another
- 2011, Will Self, “The frowniest spot on Earth”, London Review of Books, XXXIII.9:
- At the core of Kasarda’s conception of the aerotropolis lies the notion that space – unlike time – is fungible.
- 1876 [1877], Samuel Dana Horton, Silver and Gold and Their Relation to the Problem of Resumption, page 116:
Derived terms
Translations
able to be substituted for something of equal value
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References
- “fungible” in Douglas Harper, Online Etymology Dictionary, 2001–2019.
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