fungibility.

The property of being replaceable by another equivalent unit of the same kind.

Use it for

Words that belong together

• asset fungibility
• fungibility of money

On the page

The fungibility of money makes earmarked spending difficult to isolate.

Usage notes

Primary category: economics / business / social science. Forms: Usually uncountable; no ordinary plural in this sense. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: analysis, evaluation, social science. Commonness: uncommon.