(especially 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.
Origin
1755-65; < Medieval Latinfungibilis, equivalent to Latinfung(ī) to perform the office of + -ibilis-ible
It works because all of the input factors necessary to innovation are here, and fully fungible.
But other less fungible or reproducible aspects of content cannot easily be instantiated or transferred.
Gold is portable, fungible, can be a unit of currency and of storage of wealth.
The industry's heavyweights, too, are working to make computing more fungible.
To various commenters, electricity is fungible throughout a system.
Money is fungible, money from one source can be spent on any number of different purposes.
Oil is a fungible commodity: it flows to the highest bidder.
Programs and dollars are not interchangeable or fungible.
Renewable diesel, which is created by hydrogenating vegetable oil, is completely fungible with petroleum diesel.
Facility used for the bulk storage of fungible commodities.
British Dictionary definitions for fungible
fungible
/ˈfʌndʒɪbəl/
noun
1.
(often pl) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc
adjective
2.
having the nature or quality of fungibles
Derived Forms
fungibility, noun
Word Origin
C18: from Medieval Latin fungibilis, from Latin fungī to perform; see function
Word Origin and History for fungible
adj.
"capable of being used in place of another," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi "perform," as in fungi vice "to take the place" (see function). Earlier as a noun (1765).