different between fungible vs liquidity

English

Etymology

1765 as noun, 1818 as adjective, from Medieval Latin fungibilis, from Latin fungor (“I perform, I discharge a duty”) (English function) +? -ible (“able to”). Originally a legal term, going back to Roman law: res fungibilis (“replaceable things”).

Pronunciation

• (UK) IPA^(key): /?f?nd??b?l/, /?f?nd??bl/
• Rhymes: -?b?l, -?bl

Adjective

fungible (comparative more fungible, superlative most fungible)

1. (finance and commerce) Able to be substituted for something of equal value or utility.

   Synonyms: interchangeable, exchangeable, replaceable.

   Antonym: nonfungible

   • 1649, Antony Ascham, Of the confusions and revolutions of governments, 30:

     Take away this fungible instrument from the service of our necessities and how shall we exercise our Charity, which is a branch of Religion and Justice, as well as of Humanity?

   • 1876 [1877], Samuel Dana Horton, Silver and Gold and Their Relation to the Problem of Resumption, page 116:

     Gold is fungible. Silver is fungible; that is, these metals are both so homogeneous that, if I get a pound of pure gold, for example, it is indifferent to me whether it be this pound or that pound, one is as good as another

   • 2011, Will Self, “The frowniest spot on Earth”, London Review of Books, XXXIII.9:

     At the core of Kasarda’s conception of the aerotropolis lies the notion that space – unlike time – is fungible.

   • 2013, Johanna Rothman, Hiring the Best Knowledge Workers, Techies & Nerds

     However, unless you are unique among technical organizations and have fungible staff members who can easily replace each other, you'll need to augment the standardized description with your needs for this particular position.

Derived terms

• fungibility

Translations

Noun

fungible (plural fungibles)

1. (chiefly in the plural) Any fungible item.

   Antonym: nonfungible

References

Further reading

• fungibility on Wikipedia.Wikipedia

Anagrams

• bingeful

Catalan

Etymology

From Medieval Latin fungibilis.

Pronunciation

• (Balearic, Central) IPA^(key): /fu???i.bl?/
• (Valencian) IPA^(key): /fu??d??i.ble/

Adjective

fungible (masculine and feminine plural fungibles)

1. fungible

Further reading

• “fungible” in Diccionari de la llengua catalana, segona edició, Institut d’Estudis Catalans.
• “fungible” in Gran Diccionari de la Llengua Catalana, Grup Enciclopèdia Catalana.
• “fungible” in Diccionari normatiu valencià, Acadèmia Valenciana de la Llengua.
• “fungible” in Diccionari català-valencià-balear, Antoni Maria Alcover and Francesc de Borja Moll, 1962.

German

Adjective

fungible

1. inflection of fungibel:
   1. strong/mixed nominative/accusative feminine singular
   2. strong nominative/accusative plural
   3. weak nominative all-gender singular
   4. weak accusative feminine/neuter singular

Spanish

Etymology

From Latin fung? (“to perform”). Cognate with fungible.

Adjective

fungible (plural fungibles)

1. fungible, expendable, consumable (exchangeable)

Related terms

• fungir
• función
• defunción

English

Etymology

From Latin liquiditas.

Pronunciation

• IPA^(key): /l?k?w?d?ti/

Noun

liquidity (countable and uncountable, plural liquidities)

1. (finance) The degree of which something is in high supply and demand, making it easily convertible to cash

   My Picasso painting is not very liquid, it would take me months to sell it. Gold on the other hand is convertible to cash at any moment, making it a very liquid commodity.

2. (uncountable) The state or property of being liquid.
3. (economics, countable) An asset's property of being able to be sold without affecting its value; the degree to which it can be easily converted into cash.

   Some stocks are traded so rarely that they lack liquidity.

4. (finance) Availability of cash over short term: ability to service short-term debt.

Antonyms

• illiquidity

Related terms

• liquid
• liquidate
• liquidation
• liquidator
• liquidizer
• liquor

Translations