fungible
/ˈfʌndʒɪbl/
Meanings
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adjective
Capable of being exchanged for something else of equal value.
- "Fungible commodities, such as gold and oil, can be easily exchanged on global markets."
- "Investors prefer fungible securities because they can be easily bought and sold without incurring large transaction costs."
Pronunciation
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/ˈfʌndʒɪbl/
Source: "https://commons.wikimedia.org/w/index.php?curid=88942408"
Rhymes
Words rhyming with fungiblesungible , wrangible , tangible
Variants
List of all variants of fungible that leads to same resultfungibilities , fungibility , fungible , fungibles , non-fungible token , non-fungible tokens , nonfungible token , nonfungible tokens
Etymology
origin and the way in which meanings have changed throughout history.From the Latin word 'fungi' meaning 'to perform a duty' or 'to make good', and the suffix 'ible' meaning 'capable of'.
Trivia
Any details, considerations, events or pieces of information regarding the word-
The term 'fungible' is derived from the Latin word 'fungi', which also means 'to perform a duty'.
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The fungibility principle is essential in commodity trading and financial markets, allowing for the efficient exchange and settlement of transactions.
Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to-
Commodity: Fungible commodities are interchangeable goods that can be bought and sold in large volumes on commodity exchanges.
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Fungibility principle: The fungibility principle states that individual units of a commodity or asset are interchangeable and indistinguishable from one another.
Culture
Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.The term 'fungible' has been used extensively in economics, finance, and business. It is a crucial concept in commodity trading and financial markets.
How to Memorize "fungible"
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visualize
- Imagine a pile of identical gold coins or barrels of interchangeable crude oil.
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associate
- Associate the word 'fungible' with the idea of interchangeability or replaceability.
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mnemonics
- Create a mnemonic by remembering the phrase 'Fungible means exchangeable'.
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The best and recommended way to memorize fungible is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:
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Highlighting:
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