fungible things

1 definition found

fungible things - Collaborative International Dictionary of English v.0.48 :

  Fungibles \Fun"gi*bles\, n. pl. [LL. (res) fungibiles, probably
     fr. L. fungi to discharge. "A barbarous term, supposed to
     have originated in the use of the words functionem recipere
     in the Digeste." Bouvier. "Called fungibiles, quia una
     alterius vice fungitur." John Taylor (1755). Cf. Function.]
     1. (Civ. Law) Things which may be furnished or restored in
        kind, as distinguished from specific things; -- called
        also fungible things. --Burrill.
        [1913 Webster]
  
     2. (Scots Law) Movable goods which may be valued by weight or
        measure, in contradistinction from those which must be
        judged of individually. --Jamieson.
        [1913 Webster]