What does fungible mean?

Definition of fungible (Entry 2 of 2) : something that is fungible (see fungible entry 1 sense 1) : a good one part or quantity of which can be substituted for another of equal value in satisfying an obligation —usually used in pluralFungibles may be valued by weight or measure.

What is nonfungible?

Now, anything that cannot be so easily replaced is nonfungible. Real word objects that cannot be replaced with other items are nonfungible. Your old telecaster guitar, an autographed book, baseball cards, or other such collectibles are said to be nonfungible. Even your collection of coins that are no longer in circulation are nonfungible.

What is fungibility in trading?

What is 'Fungibility'. Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Assets that are fungible are exchangeable for each other and simplify the exchange and trade processes, as fungibility implies equal value between the assets. Next Up.

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.