The Law Dictionary

FUNGIBLE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A term used in the civil, French, and Scotch law, it signifies anything whatever, which consists in quantity, and is regulated by number, weight, or measure; such as corn, wine, or money. … [Read more...]

FUNGIBLE THINGS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Movable goods which may be estimated and replaced according to weight, measure, and number. Things belonging to a class, which do not have to be dealt with in specie. Those things one specimen of which is as good as another, as is the case with half-crowns, or pounds of rice of the same quality. Horses, slaves, and so forth, are non-fungible things, because they differ … [Read more...]

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