Etymology
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fungible (adj.)

"capable of being used in place of another; capable of being replaced," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi "perform" (see function (n.)) via phrases such as fungi vice "to take the place." Earlier as a noun (1765).

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Definitions of fungible
1
fungible (n.)
a commodity that is freely interchangeable with another in satisfying an obligation;
2
fungible (adj.)
of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation;
From wordnet.princeton.edu