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Adjective: fungible  fún-ju-bul
  1. (law) of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation
Noun: fungible  fún-ju-bul
  1. A commodity that is freely interchangeable with another in satisfying an obligation

Derived forms: fungibles

See also: exchangeable

Type of: commodity, good, trade good

Encyclopedia: Fungible