The DICT Development Group
2 definitions found
From WordNet (r) 3.0 (2006) :
adj 1: of goods or commodities; freely exchangeable for or
replaceable by another of like nature or kind in the
satisfaction of an obligation
n 1: a commodity that is freely interchangeable with another in
satisfying an obligation
From Bouvier's Law Dictionary, Revised 6th Ed (1856) :
FUNGIBLE. A term used in the civil, French, and Scotch law, it signifies
anything whatever, which consists in quantity, and is regulated by number,
weight, or measure; such as corn, wine, or money.. Hein. Elem. Pand. Lib.
12, t. 1, Sec. 2;.1 Bell's Com. 225, n. 2; Ersk. Pr. Scot. Law, B. 3, t. 1,
Sec. 7; Poth. Pret de Consomption, No. 25; Dict. de Jurisprudence, mot
Fongible Story, Bailm, Sec. 284; 1 Bouv. Inst. n. 987, 1098.
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