fungibleadj.n.

1649 A. Ascham Of Confusions & Revol. (new ed.) i. vi. 30 Take away this fungible instrument from the service of our necessities, and how shall we exercise our Charity?

1681 J. Dalrymple Inst. Law Scotl. i. x. §18. 128 So that Money or any other Fungible thing lent, though it were immediatly taken away by force, or destroyed by accident, the borrower is oblieged to pay.

1703 W. Forbes Methodical Treat. Bills of Exchange viii. 144 Bills of Exchange are as fungible as Money.

1757 J. Erskine Princ. Law Scotl. (ed. 2) II. iii. 269 A person, who has borrowed any fungible subject from another.

1818 H. T. Colebrooke Treat. Obligations & Contracts 64 In the instance of money and other fungible articles.

1886 Sat. Rev. 25 Dec. 853 A certain number of persons..do not..regard books as ‘fungible’, but exercise a choice as to the books they read.

1914 Uniform Standards for Cotton: Hearings before Comm. on Agric. (U.S. House of Representatives 63rd Congress, 2nd Sess.) 30 In the grain business..they have treated grain as a fungible article. In other words, when a man puts his grain in an elevator and draws money against that number of bushels of grain he does not necessarily have those particular bushels of grain. They commingle.

1917 B. M. Anderson Value of Money vii. 134 Economic goods, as distinct from money, are not generally ‘fungible’.

1989 B. Leithauser Hence 89 The three of them are sitting in a tiny, unsightly, fungible office in a huge, unsightly, fungible building on the M.I.T. campus.

1992 N.Y. Mag. 3 Feb. 29/1 Given the number of fungible low-level criminals operating under the umbrella of the Mob, the prospect of eliminating racketeering in New York becomes daunting.

2009 Financial Times 8 May 14/1 Mr Myerson gambled that the shares of his own company would rise in value, ultimately outstripping the worth of his more mundane—if fungible—assets such as cash and property.

1681 J. Dalrymple Inst. Law Scotl. 127 A Fungible is that which is estimate according to the quantity,..the chief of which is Money.

1731 A. Bayne Notes for Students Munic. Law iii. i. 115 Fungibles..can only be repaid in Kind.

a1768 J. Erskine Inst. Law Scotl. (1773) I. iii. i. §18. 418 Grain and coin are fungibles, because one guinea, or one bushel or boll of sufficient merchantable wheat, precisely supplies the place of another.

1874 Act 37 & 38 Vict. c. 94 §15 Casualties..paid in money or in fungibles at fixed periods or intervals.

1880 J. Muirhead Inst. of Gaius & Rules of Ulpian Digest 489 If he himself had been guilty of immorality, he [sc. the husband] was punished by being required to restore fungibles at once.

1926 Q. Jrnl. Econ. 40 499 A mutuum was technically the loan of a consumptible or fungible, with no provision for the payment of usury.

1964 Washington Post 2 July a16/1 Glass and metal containers are fungibles—interchangeable products.

2013 A. Bailey Of Bondage 145 Slaves were not considered property in the same way as land or fungibles.

1873 Dublin Rev. Oct. 336 This view of consumptiveness and fungibility as identical notions.

1902 Encycl. Brit. XXVIII. 253/1 Profoundly convinced of the fungibility and pliability of mankind, he [sc. Jeremy Bentham] was but too ready to draw a code for England..at the shortest notice.

1988 Investors Chron. 15 July 6/2 Fungibility implies being able to close in Chicago something you opened in London earlier in the day.

2015 H. Askari et al. Introd. Islamic Econ. xi. 291 The fungibility of money makes it difficult to ensure that the credit or credit ceiling will be used for intended purposes.

1948 N.Y. Univ. Law Q. Rev. 23 51 If all opinions are to be judged fungibly unworthy of trust, everlasting social debate is not worth its price in waste motion.

1952 Investig. Storage & Processing Activities CCC: Hearings before Comm. Agric. & Forestry (U.S. Senate, 82nd Congr., 2nd Sess.) I. 66 Fungibly stored grain represents special problems.

2014 Econ. Times (India) (Nexis) 26 July You could end up in a situation where cash is treated fungibly.