Fungible

2 definitions found

From WordNet (r) 2.0 [wn]:

  fungible
       adj : of goods or commodities; freely exchangeable for or
             replaceable by another of like nature or kind in the
             satisfaction of an obligation
       n : a commodity that is freely interchangeable with another in
           satisfying an obligation



From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  FUNGIBLE. A term used in the civil, French, and Scotch law, it signifies 
  anything whatever, which consists in quantity, and is regulated by number, 
  weight, or measure; such as corn, wine, or money.. Hein. Elem. Pand. Lib. 
  12, t. 1, Sec. 2;.1 Bell's Com. 225, n. 2; Ersk. Pr. Scot. Law, B. 3, t. 1, 
  Sec. 7; Poth. Pret de Consomption, No. 25; Dict. de Jurisprudence, mot 
  Fongible Story, Bailm, Sec. 284; 1 Bouv. Inst. n. 987, 1098.