Something described as fungible can be exchanged for something else of the same kind. For example, when we say “oil is a fungible commodity,” we mean that when a purchaser is …

A good is fungible if one unit of the good is equivalent to another unit of the same good, whereas a good is said to be liquid if it can be easily exchanged for money or a different good.

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. See …

Nov 10, 2025 · Discover what fungible goods are with clear definitions, examples like commodities and stocks, and how to trade them effectively.

FUNGIBLE definition: 1. easy to exchange or trade for something else of the same type and value: 2. easy to exchange or…. Learn more.

Jul 2, 2025 · Key Points Fungible items can be swapped as they hold identical value, e.g., currency and stocks. Non-fungible items have unique traits, giving them varying values, such …

There are two meanings listed in OED's entry for the word fungible. See ‘Meaning & use’ for definitions, usage, and quotation evidence. OED's earliest evidence for fungible is from 1649, …

fungible - Interchangeable, returnable, or easily replaced. See also related terms for interchangeable. Farlex Trivia Dictionary. © 2012 Farlex, Inc. All rights reserved.

Definition of 'fungible' fungible in British English (ˈfʌndʒɪbəl ) law noun

Something is fungible if one unit of that product is substantially equivalent to another unit of the same product that has the same quality at a specific time and place.