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fungible
[ fuhn-juh-buhl ]
adjective
- Law, Commerce. (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind:
Appliances are usually fungible—that is, they can be replaced with cash or a similar item of equal value.
- capable of being exchanged or interchanged; interchangeable:
Neither ethanol nor biodiesel is fully fungible with petroleum-based fuels.
Large corporations are likely to view both customers and employees as fungible, replaceable commodities.
fungible
/ ˈfʌndʒɪbəl /
noun
- often plural moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc
adjective
- having the nature or quality of fungibles
Derived Forms
- ˌfungiˈbility, noun
Other Words From
- fun·gi·bil·i·ty [fuhn-j, uh, -, bil, -i-tee], noun
- non·fun·gi·ble adjective
- un·fun·gi·ble adjective
Word History and Origins
Word History and Origins
Origin of fungible1
Example Sentences
He posts videos mainly about the cryptocurrency market and non-fungible tokens and boasts about a quarter of a million followers.
In the early summer months of 2021, publishers like Bleacher Report, The New York Times, Time and Quartz, among many others, minted their first-ever non-fungible tokens.
To the uninitiated, it is far from obvious why a company like Coca-Cola might be interested in auctioning off themed non-fungible tokens.
Despite the cynics, non-fungible tokens are still going strong after the surge in attention they got in March.
Creators are increasingly putting up their products as non-fungible tokens, unique digital assets that cannot be replicated or stolen because they’re recorded on Ethereum’s blockchain ledger.
Words are tools in an information war and facts are fungible.
In the shower, I sing the phrase “fungible commodities” far too often.
And they're to some extent fungible, but this amounts exactly to "kicking the can down the road."
So while expectations are optimistic, any dates, at least for the time being, should be fungible and are not set in stone.
Then the whole impetus in the newsroom is to say "We have to make it better, if we don't it will become fungible."
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