Defenition of the word fungible

• Defenition of the word fungible

  • Assets, usually securities, that can be exchanged with similar assets and are capable of being “loaned”.
  • (law) of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation
  • a commodity that is freely interchangeable with another in satisfying an obligation
  • of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation

Similar words in the fungible

• • exchangeable

Hypernyms for the word fungible

• • commodity
  • good
  • goods
  • trade good
  • trade goods

See other words

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  • Synonym for the word fur coat
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