What is a fungible item?

Definition of Fungibles. Fungibles are items that are interchangeable because they are identical to each other for practical purposes. Goods, securities, and financial instruments may be fungibles. If goods are sold by weight or number, then they are probably fungible goods.

What are non-fungible goods?

That gives us a non-fungible definition: Items that do not possess the same value and therefore cannot be copied or exchanged for another of its type. Fungible goods include fiat currencies and financial assets, like stocks. Many commodities and precious metals are also fungible.

How do you pronounce fungible?

The “g” in fungible is pronounced like a “j” or like the “g” in “fudge,” though fungible things aren't always tasty. Fungible comes from a Latin phrase meaning “to serve in place of” and that's what something that's fungible does: serves in place of what it's exchanged for. Thesaurus. Definitions of fungible.

Is money fungible or non-fungible?

Like goods and assets that are not interchangeable, such as owned cars and houses, are non-fungible. Money is a prime example of something fungible, where a $1 bill is easily convertible into four quarters or ten dimes, etc. Fungibility implies that two things are identical in specification, where individual units can be mutually substituted.