Definition

This word describes something that can be exchanged or replaced with something else of the same type or value.

Example

Money is a fungible asset because one dollar can be replaced with another dollar without any loss of value.

Conversation

Have you ever thought about how some currencies are fungible?

Yeah, it’s interesting! It means they can be easily exchanged for one another.

Exactly! Just like how you can swap one dollar for another without any issue.

Right! It makes transactions so much simpler.

Synonyms & Antonyms

Definition

Something that can be easily exchanged or replaced with something else of the same kind or value.

Example

Money is a fungible asset because it can be exchanged for goods and services.

Conversation

Have you heard about fungible assets in finance?

Yeah, I think they are things that can easily be exchanged for one another.

Exactly! Like how one dollar bill is just as good as another dollar bill, right?

Root Explanation

Fungible → It is formed from "fungi" (from Latin *fungibilis*, meaning able to be exchanged) and the suffix "-ble" (meaning capable of). The word "fungible" refers to items that can be exchanged or replaced with others of the same kind, such as currency or goods.

Memory Tip

Think of items that are 'capable of being exchanged' — that's what fungible means, as they can be replaced with others of the same type.

Visually Confused Words