See Also: fungible(dictionary)
FUNGIBLE(law)
fungible (iou)
fungible noun & adjective. L17.
[medieval Latin fungibilis, from fungi 'perform, enjoy' with sense as in fungi vice 'take the place of': see -IBLE.]
A. noun. Law (chiefly Scot.). A thing which precisely or acceptably replaces or is replaceable by another. L17.
b. adjective. Chiefly Law. Precisely or acceptably replacing or replaceable by another item, mutually interchangeable: esp. of goods etc. contracted for, when a particular item is not specified. E19.
fungi'bility noun E20.
fungibly adverb M20.
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