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SourceLaw Dictionary Browse Letter F

Fungible

Legal definition for Indian law research

Definition

fungible


[New Latin fungibilis, from Latin fungi to perform]
: being something (as money or a commodity) one part or quantity of which can be substituted for another of equal value in paying a debt or settling an account [oil, wheat, and lumber are commodities]
n : something that is fungible




Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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