Meaning of “fungible” in the English Dictionary

"fungible" in Business English

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uk /ˈfʌndʒəbl/ us

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

fungiblenoun [ C ]

uk /ˈfʌndʒəbl/ us

COMMERCE, FINANCE, LAW something such as a currency, share, or goods, that can easily be exchanged for others of the same value and type:

Several million dollars of fungibles were illicitly moved from the bank.
noun [ U ]

Cash has the advantage of fungibility.

(Definition of “fungible” from the Cambridge Business English Dictionary © Cambridge University Press)