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English definition of “fungible”

fungible

adjective     /ˈfʌndʒəbl/
COMMERCE, LAW fungible goods are easy to exchange for others of the same type and value: Technological advances have given gas the potential to be a fungible global commodity like oil.
FINANCE, LAW fungible shares, bonds, etc. are easy to trade for others of the same type and value : fungible assets → Compare nonfungible
(Definition of fungible adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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