Fungibility
By Jake Frankenfield

Updated May 07, 2022
Reviewed by Gordon Scott
Fact checked by Vikki Velasquez
What Is Fungibility?

Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Fungible assets simplify the exchange and trade processes, as fungibility implies equal value between the assets.
Key Takeaways

Fungibility is the ability of a good or asset to be readily interchanged for another of like kind.
Like goods and assets that are not interchangeable, such as owned cars and houses, are non-fungible.

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Note added at 23 mins (2022-07-25 11:42:00 GMT)
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What is meant by fungible things?
Fungible things are items that can be easily replaced with another item that is practically the same, such as wood or paper currency. Often, whether or not an item is fungible will impact how damages will be calculated for breaches of contract or the destruction of an item.

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Note added at 30 mins (2022-07-25 11:48:04 GMT)
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I would use "custom-made" for "Einzelanfertigungen"