I’ve been reading Hot, Flat and Crowded by Thomas Friedman. Interesting book. He used the word fungible which I didn’t know. So, I gamboled to the dictionary. Most of the time when I come across a word that is new to me, I am delighted with it. I want to write about it here. I put it on my fridge as the word of the day. But this time, fungible let me down. Sure, I’ll write about it here. But I don’t believe it will make it to my fridge nor into my everyday conversation.
Fungible [fuhn-juh-buhl]is an adjective that means being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind. Something that is exchangeable or substitutable.
Friedman talked about fuels being fungible in a world market. Most of the time, my conversation does not include discussions about fungible fuels. Tried that once. The person I was speaking to got glassy eyed. So, I stopped.
In the stock market, assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. Like, do I daily deal in fungible financial assets? Not hardly.
At work, I exchange an amount of my time and effort and receive a paycheck in return. So in this instance my time is fungible with my employer’s money.
Still, I don’t foresee myself using this word much. I find it great fun to say. Fungible. Fungible. Fungible. But lack the opportunity to use it much. Chalk this word up as something that will reside in my brain but rarely see the light of day on my tongue.