fungible etymology

Etymology:

• Latin: fungibilis, from fungi ("to perform")

Meaning:

Fungible refers to something that is identical to other items of the same type and can be exchanged without affecting its value.

Origin:

The term "fungible" comes from the Latin word "fungi," which means "to perform." In ancient Roman law, fungible items were those that could be replaced without diminishing their worth or usefulness. For example, a bushel of wheat or a certain amount of gold coins would be considered fungible.

Usage:

Fungibility is an important concept in economics and finance. For example:

• Currency: Money is fungible because each bill or coin of the same denomination is worth the same as the others.
• Commodities: Many commodities, such as oil, wheat, and gold, are fungible because they are identical in quality and quantity.
• Securities: Some types of securities, such as stocks and bonds, are fungible because they represent ownership of identical shares or units.

Non-Fungible Equivalent:

The opposite of fungible is non-fungible. Non-fungible items are unique and cannot be exchanged for others of the same type without affecting their value. For example, a painting, a piece of real estate, or a specific car would be considered non-fungible.

fungible relate terms

• function

  Etymology is the study of the history of words including their origins forms and meanin

• brook

  Etymology Middle English broke brook Old English brōc Proto West Germanic brōk

• defunct

  Etymology The word defunct comes from the Latin verb defungor which means to perfor

• fructify

  Etymology The word fructify comes from the Latin word fructus meaning fruit and t

• fructose

  Etymology The word fructose is derived from the Latin word fructus meaning fruit

• frugal

  Etymology Frugal comes from the Latin word frugi which means useful productive

• fruit

  Etymology The word fruit is derived from the Latin word fructus meaning the produce

• fruitcake

  Etymology fruit n from Middle English fruit from Anglo French fruit from Vulgar

• fruitful

  Etymology Origin Latin fructuosus fruitful productive Meaning bearing or yieldin

• fruition

  Etymology fruition n late 15c from Latin fructus fruit from fruor enjoy Mean

• fruitless

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• frumentaceous

  Etymology Latin frumentum grain corn aceous suffix indicating pertaining to

• function

  Etymology is the study of the history of words including their origins forms and meanin

• fungible

  Etymology Latin fungibilis from fungi to perform Meaning Fungible refers to s

• perfunctory

  Etymology The word perfunctory originates from the Latin phrase per functus which m

• tutti frutti

  Etymology Italian tuttifrutti meaning all fruits Meaning A mixture of candied

• usufruct

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• good

  Etymology is the study of the origin and history of words It traces the development of wo

• commodity

  Etymology The word commodity is derived from the Latin term commoditas which means

• vice

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• coffee

  Etymology The word coffee originated from the Arabic word qahwah which referred to

• manage

  Etymology Definition The study of the origin and history of words Origin Greek et

• clock

  Etymology Middle English clokke from Old English clucge Germanic origin Proto German

• edifice

  Etymology The word edifice is derived from the Latin word aedificium which means bu

• sandwich

  Etymology The word sandwich is believed to have originated in the late 18th century It

• vocation

  Etymology and Origin The word vocation comes from the Latin word vocatio meaning a

• sacrament

  Etymology The word sacrament is derived from the Latin word sacramentum which origin