Movable goods which may be valued by weight or measure, in contradistinction from those which must be judged of individually.
Goods that, for commercial purposes, are identical with other goods and interchangeable in all situations.
Instruments that are equivalent, substitutable and interchangeable in law. May apply to certain exchange traded currency contracts offered on a number of exchanges.
Goods that are identical with other goods of the same nature.
Goods comprised of many identical parts such as a bushel of grain or a barrel of apples or oil, which can be easily replaced by other, identical goods. Sale of items by weight or number is good evidence that they are fungible.
Goods, securities, or instruments that are equivalent and, therefore, are interchangeable.