fungible
C1CEFR level
65/100Rarity: rare
TechnicalRegister
Law adjective
Describing goods or securities that are interchangeable, each unit being equivalent to another.
Ordinary shares of the same class are fungible, so one is as good as any other for settlement.
Business adjective
Mutually interchangeable with another of its kind.
Cash is fungible - one euro is as good as another.
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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