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Fungible

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.06 sec.

A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour.

Fungible goods are those that can readily be estimated and replaced according to weight, measure, and amount.
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? References in periodicals archive
It is important for brokers to emphasize that all homes are not equal and that real estate is not fungible.
No beating experience in today's competitve market by Cliff, Patricia Warburg / Real Estate Weekly
The archdiocese, of course, treats this money as fungible, usable for settlements or any other church purpose as it desires.
Who owns parish real estate? by Berson, Joel / Church & State
The government supported its "indirect" tracing approach by arguing that cash is fungible.
Dividends-received deduction from portfolio stock by Schnee, Edward J. / Journal of Accountancy
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