☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Fungible

Describing goods or commodities that are interchangeable with other goods of the same type and quality, so that any unit is equivalent to any other unit. Money, grain, and oil are classic examples of fungible goods.

Etymology: Medieval Latin 'fungibilis', from Latin 'fungi' (to perform, serve in place of) · Category: General Legal Terms · Source: UCC § 1-201(b)(18)
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