fungibility
fungibility — adjective
- fungibilitypositive
- more fungibilitycomparative
- most fungibilitysuperlative
1. describing goods, currencies, or assets that can be swapped for others of the sa
describing goods, currencies, or assets that can be swapped for others of the same kind without any loss in value or function — for example, one dollar bill is fungible with another, but a unique artwork is not
Cash is fungible, so the bank does not mind which specific note you hand over.
fungible + specific item denoting same value
One barrel of crude oil is fungible with any other barrel of the same grade.
fungible with + noun phrase
Diego learned that Bitcoin is fungible because each unit holds the same value.
Gold bars are fungible — one bar can replace another without any loss in worth.
Unlike unique artworks, grain from different farms is often treated as a fungible commodity.
- interchangeable
broader term; fungible implies equal value, while interchangeable only implies same function
- replaceable
less formal; does not carry the economic/legal nuance of equal value
- substitutable
more general; used across contexts where one item stands in for another
- non-fungible
direct opposite; the item cannot be swapped for another of its kind
- unique
one-of-a-kind; every specimen has distinct value
用法筆記
Almost exclusively used in financial, legal, and economic contexts. Rare in everyday conversation outside of cryptocurrency discussions.
常見錯誤
fungibility — noun
1. the quality of a thing being replaceable by another identical thing of the same
the quality of a thing being replaceable by another identical thing of the same type, value, or function without creating a meaningful difference between them
The fungibility of money means any ten-dollar bill can replace another ten-dollar bill without issue.
fungibility of + noun (the thing being interchangeable)
Traders depend on the fungibility of wheat to fill orders from different suppliers.
Erik explained that the fungibility of crude oil lets buyers worldwide trade the same product.
Anna questioned the fungibility of digital assets, asking whether one token could replace another.
The contract assumes fungibility of the steel — any batch meeting grade standards is valid.
- interchangeability
closest synonym; often used in technical writing instead of 'fungibility'
- substitutability
focuses on the function of replacing one item with another
- replaceability
more informal; lacks the precise economic/legal connotation
- non-fungibility
the state of not being exchangeable, especially in legal contracts
- uniqueness
every specimen is one of a kind; no two items are identical in value
用法筆記
Commonly found in legal agreements, commodity exchange rules, and discussions of cryptocurrency. The noun form is less frequent than the adjective 'fungible'.