fungible noun - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “fungible”

fungible

noun [C]
 
 
/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 illicitly moved from the bank.
fungibility noun [U]
(Definition of fungible noun from the Cambridge Business English Dictionary © Cambridge University Press)
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