fungible

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The Word of the Day for November 8 is: 

fungible   \FUN-juh-bul\   adjective
          1 : being of such a nature that one part or quantity may be replaced 
by another equal part or quantity in the satisfaction of an obligation
    *2 : interchangeable 
     3 : flexible

Example sentence:
          Jessica believes her unique skill set makes her an indispensable 
member of the company rather than just one of many fungible employees.

Did you know?
          "Fungible" -- which derives from the Latin verb "fungi," meaning “to 
perform” (no relation to the noun “fungus” and its plural “fungi”) -- is a word 
that often shows up in legal contexts. Something fungible can be exchanged for 
something else of the same kind. For example, we could say "oil is a fungible 
commodity." That means that when a purchaser is expecting delivery of oil, any 
oil of the stipulated quantity and quality will usually do. Another example of 
something fungible is cash. It doesn't matter what twenty dollar bill you get 
-- it's still worth the same amount as any other twenty dollar bill. In 
contrast, something like a painting isn't fungible; a purchaser would expect a 
specific, identifiable item to be delivered. In broader use, "fungible" can 
mean "interchangeable " or sometimes "changeable, fluid, or malleable."





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