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Meaning of FUNGIBLE

Pronunciation:  'funjubul

WordNet Dictionary
 
 Definition: 
  1. [n]  a commodity that is freely interchangeable with another in satisfying an obligation
  2. [adj]  (law) of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation
 
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 Synonyms: exchangeable
 
 See Also: commodity, goods, trade goods

 

 

 

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