fungible
UK[ˈfʌn.dʒə.bəl]US[ˈfʌn.dʒə.bəl]
adj
(of goods or commodities) being of such a nature that one unit or part can be replaced by another equal unit or part in meeting an obligation or settling a debt.
adj
interchangeable or replaceable.
Etymology
The word 'fungible' entered English in the 17th century from the Medieval Latin legal term 'fungibilis', meaning 'that may serve in place of another thing'. This Latin term derived from the verb 'fungi', meaning 'to perform, discharge, or serve'. The core semantic logic, linking performance and replacement, is preserved in the modern legal and general definitions. The concept evolved from the literal act of performing a duty or service to the abstract notion of one item being able to perform the same function as another, making them mutually replaceable.
Analysis
The word is a simplex loanword from Medieval Latin. It is not productively segmented into meaningful substrings in modern English spelling.
Examples
Oil, wheat, and currency are considered fungible assets.
In legal terms, fungible goods are not unique and can be substituted.
The tokens in the game are fungible, so any one of them has the same value.