fungible Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “fungible” in the English Dictionary

(Definition of fungible from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"fungible" in Business English

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uk   us   /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 ​globalcommodity 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   us   /ˈfʌndʒəbl/
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 ​illicitlymoved from the ​bank.
noun [U]
Cash has the ​advantage of fungibility.
(Definition of fungible from the Cambridge Business English Dictionary © Cambridge University Press)
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“fungible” in Business English

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