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Fungibility

fungibility

noun

The property of a good or a commodity whereby individual units are capable of mutual substitution.

Fungibility is the property of a good or commodity whose individual units are essentially interchangeable.

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fungible

/ˈfʌndʒɪbəl/

adj

(finance and commerce) Able to be substituted for something of equal value or utility.

This token is fungible, meaning it can be exchanged for other tokens of the same value.

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fungible

/ˈfʌndʒɪbəl/

noun

(chiefly in the plural) Any fungible item.

I need to buy some fungibles for the project.

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fungibles

noun

plural of fungible

There are many fungibles in the market.

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fungibilities

noun

plural of fungibility

The fungibilities of different assets allow for easy exchange and substitution.

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fungibly

adv

In a fungible manner.

She exchanged the goods fungibly.

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non-fungibles

noun

plural of non-fungible

Non-fungibles are unique digital assets that cannot be exchanged on a one-to-one basis.

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non-fungible

adj

Alternative form of nonfungible

This artwork is non-fungible, meaning it cannot be replaced or exchanged.

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non-fungible

noun

Alternative form of nonfungible

Non-fungible tokens are becoming increasingly popular in the art world.

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fungible tokens

noun

plural of fungible token

Fungible tokens are becoming increasingly popular in the world of cryptocurrency.

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