fungible
adjectiveUK /ˈfʌn.dʒɪ.bəl/
US /ˈfʌn.dʒə.bəl/
Things that are fungible can be swapped for one another because they are exactly the same.
Money is fungible, so one dollar bill can be traded for any other dollar bill.
RELATED WORDS
OTHER MEANINGS
2. In law, goods that can be replaced by an equal amount of the same kind of goods.
Grain and oil are fungible goods in a warehouse.
3. Able to be freely exchanged or traded without loss of value.
Digital tokens are fungible because each one is worth the same.
4. In finance, assets that are easy to trade because they are identical to others.
Shares of stock are fungible and can be bought or sold quickly.