Words / F / Business

fungibility

noun/ˌfʌndʒɪˈbɪləti/

C2CEFR level
80/100Rarity: very rare
TechnicalRegister

The quality of being freely interchangeable with any other identical unit.

Money's fungibility means an earmarked grant simply frees other funds for whatever you like.

Similar: interchangeability

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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