fungible

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The Word of the Day for November 8 is:=20

fungible   \FUN-juh-bul\   adjective
          1 : being of such a nature that one part or quantity may be re=
placed by another equal part or quantity in the satisfaction of an oblig=
ation
    *2 : interchangeable=20
     3 : flexible

Example sentence:
          Jessica believes her unique skill set makes her an indispensab=
le member of the company rather than just one of many fungible employees=
.

Did you know?
          "Fungible" -- which derives from the Latin verb "fungi," meani=
ng =E2=80=9Cto perform=E2=80=9D (no relation to the noun =E2=80=9Cfungus=
=E2=80=9D and its plural =E2=80=9Cfungi=E2=80=9D) -- is a word that ofte=
n shows up in legal contexts. Something fungible can be exchanged for so=
mething else of the same kind. For example, we could say "oil is a fungi=
ble commodity." That means that when a purchaser is expecting delivery o=
f oil, any oil of the stipulated quantity and quality will usually do. A=
nother example of something fungible is cash. It doesn't matter what twe=
nty dollar bill you get -- it's still worth the same amount as any other=
 twenty dollar bill. In contrast, something like a painting isn't fungib=
le; a purchaser would expect a specific, identifiable item to be deliver=
ed. In broader use, "fungible" can mean "interchangeable " or sometimes =
"changeable, fluid, or malleable."





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