fungibles Meaning, Definition & Usage

  1. noun a commodity that is freely interchangeable with another in satisfying an obligation
    fungible.

WordNet

Fun"gi*bles noun plural
Etymology
LL. (res) fungibiles, probably fr. L. fungi to discharge. "A barbarous term, supposed to have originated in the use of the words functionem recipere in the Digeste." Bouvier. "Called fungibiles, quia una alterius vice fungitur." John Taylor (1755). Cf. Function.
Definitions
  1. (Civ. Law) Things which may be furnished or restored in kind, as distinguished from specific things; -- called also fungible things. Burrill.
  2. (Scots Law) Movable goods which may be valued by weight or measure, in contradistinction from those which must be judged of individually. Jamieson.

Webster 1913