fungibility
fungibility — 形容詞
- fungibilitypositive
- more fungibilitycomparative
- most fungibilitysuperlative
1. describing goods, currencies, or assets that can be swapped for others of the sa
可互換的
同類物品可交換且價值不變
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.
現金是可互換的，所以銀行不介意你交出哪一張紙鈔。
fungible + specific item denoting same value
One barrel of crude oil is fungible with any other barrel of the same grade.
一桶原油與同級的任何其他一桶原油是可互換的。
fungible with + noun phrase
Diego learned that Bitcoin is fungible because each unit holds the same value.
Diego 了解到比特幣是可互換的，因為每個單位都具有相同價值。
Gold bars are fungible — one bar can replace another without any loss in worth.
金條是可互換的——一根金條可以取代另一根，價值不受損失。
Unlike unique artworks, grain from different farms is often treated as a fungible commodity.
與獨特的藝術品不同，來自不同農場的穀物常被視為可互換的商品。
- 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 — 名詞
1. the quality of a thing being replaceable by another identical thing of the same
互換性
同類物品可互相替代的性質
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.
金錢的互換性意味著任何一張十元紙鈔都可以取代另一張，不會產生問題。
fungibility of + noun (the thing being interchangeable)
Traders depend on the fungibility of wheat to fill orders from different suppliers.
交易者依賴小麥的互換性，從不同供應商處完成訂單。
Erik explained that the fungibility of crude oil lets buyers worldwide trade the same product.
Erik 解釋說，原油的互換性讓全球買家能夠交易相同的產品。
Anna questioned the fungibility of digital assets, asking whether one token could replace another.
Anna 質疑數位資產的互換性，探討一個代幣能否取代另一個。
The contract assumes fungibility of the steel — any batch meeting grade standards is valid.
合約假設鋼材具有互換性——任何符合等級標準的批次都是有效的。
- 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'.