Word of the Day: FUNGIBLE
Exchangeable or equivalent
fungible (adj) - perfectly replaceable, returnable, or interchangeable by or for another of similar kind or function [fuhn-juh-buhl]
BREAKDOWN: FUNCT- (perform, execute) + -IBLE (capable)
fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type
See also: defunct, perfunctory
“Gold is gold everywhere, fungible and indifferent. But when a disk of gold is stamped by a coiner with certain pompous words and the picture of a King, it takes on added value.” —Neal Stephenson
