In recent times, fungible definition has become increasingly relevant in various contexts. FUNGIBLE Definition & Meaning - Merriam-Webster. The meaning of FUNGIBLE is being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account. FUNGIBLE Definition & Meaning | Dictionary.com. Fungible definition: (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.. Understanding Fungibility in Finance and Its Importance.
What Is the Meaning of Fungible? Fungible means that an item, asset, or commodity can be replaced with something of like kind when fulfilling a contract or paying a debt. FUNGIBLE | definition in the Cambridge English Dictionary. easy to exchange or trade for something else of the same type and value: 2.
Additionally, easy to exchange or…. meanings, etymology and more | Oxford English .... There are two meanings listed in OED's entry for the word fungible. This perspective suggests that, see ‘Meaning & use’ for definitions, usage, and quotation evidence.
OED's earliest evidence for fungible is from 1649, in the writing of Anthony Ascham, diplomat and pamphleteer. fungible adjective - Definition, pictures, pronunciation and usage .... Moreover, definition of fungible adjective from the Oxford Advanced Learner's Dictionary. In relation to this, something that is fungible can be replaced by something else that is exactly the same.
Cryptocurrency, like other forms of money, is fungible. Questions about grammar and vocabulary? FUNGIBLE definition and meaning | Collins English Dictionary. Additionally, definition of 'fungible' fungible in British English (ˈfʌndʒɪbəl ) law noun Fungible definition: Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.
Fungible - Definition, Meaning & Synonyms | Vocabulary.com. The “g” in fungible is pronounced like a “j” or like the “g” in “fudge,” though fungible things aren't always tasty. Fungible comes from a Latin phrase meaning “to serve in place of” and that's what something that's fungible does: serves in place of what it's exchanged for. Fungible - definition of fungible by The Free Dictionary. fungible - Interchangeable, returnable, or easily replaced.
Similarly, see also related terms for interchangeable. Farlex Trivia Dictionary.
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Throughout this article, we've examined the key components of fungible definition. These details do more than enlighten, but also help you to make better decisions.