non-fungible


non-fungible

adjective Law.

  1. (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.

noun

  1. (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etc

adjective

  1. having the nature or quality of fungibles

adj.“capable of being used in place of another,” 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi “perform,” as in fungi vice “to take the place” (see function). Earlier as a noun (1765).

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