Meaning of fungible

fun•gi•ble

Pronunciation: (fun'ju-bul), [key]
— adj. Law.
  1. (esp. 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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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