{"id":129,"date":"2021-03-13T08:48:00","date_gmt":"2021-03-13T13:48:00","guid":{"rendered":"http:\/\/wordofweek.com\/?p=129"},"modified":"2021-03-13T12:58:38","modified_gmt":"2021-03-13T17:58:38","slug":"word-of-the-week-48-fungible","status":"publish","type":"post","link":"https:\/\/wordofweek.com\/?p=129","title":{"rendered":"W<\/strong>ORD OF THE <\/strong>W<\/strong>EEK <\/strong>#48 \u2013 fungible<\/strong>"},"content":{"rendered":"\n

\u201cMoney if fungible.\u201d WSJ<\/p>\n\n\n\n

Definition: Being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account.  Capable of mutual substitution: interchangeable.<\/p>\n\n\n\n

\u201cOil, wheat, and lumber are fungible<\/strong> commodities.\u201d<\/em><\/em><\/p>\n\n\n\n

\u201cThe court’s postulate is that male and female jurors must be regarded as fungible.\u201d<\/em><\/em><\/p>\n\n\n\n

Pronounced as one might expect.   FUN jeble.<\/p>\n\n\n\n

This was a fun word to do a little research on and dropped me into a minor rabbit hole* <\/em> that I am still struggling to dig myself out of.<\/p>\n\n\n\n

It seems obvious that if you have five one dollar bills you could replace those with one five dollar bill, making money fungible <\/strong>(interchangeable).  However, that would not be true if you had a valuable quarter.  That money would then be non-fungible.<\/p>\n\n\n\n

I ran across this word “money is fungible<\/strong>” in a Wall Street Journal article on the \u201cCovid Relief Bill\u201d just signed into law.  If you are interested in how this was used in the article send me an email, and I will send you details. cmmns@aol.com<\/p>\n\n\n\n

However, if an item is fungible what is non-fungible.  Perhaps the original Mona Lisa is an example of a non-fungible asset.<\/p>\n\n\n\n

This brought up the subject of the recent introduction of \u201cnon-fungible tokens”, (NFT)\u201d, which dropped me into that rabbit hole.  An NFT is an original, (art, video and others) that is stored digitally on blockchain, much like Bitcoin.  It is a new method of guaranteeing originality. These originals are now being auctioned and paid for with Ethereum crypto currency.  As bizarre as this may seem, these NFTs are being sold by the millions for millions of dollars (who knew).  Even the famous auction house Christies has one coming up for sale.  An NFT of a 10-second video artwork sold for $6.6 million in late February. A video clip of a LeBron James slam dunk sold for $208,000.  <\/p>\n\n\n\n

If you are like me and feel the future is moving in a little too fast join my club….I think its a pretty big club.  If interested in more information go to this web site\u2026or of course Google search is just full of information.
https:\/\/www.investopedia.com\/non-fungible-tokens-nft-5115211<\/a><\/p>\n\n\n\n

Fungible<\/strong> is a great word to work into your vocabulary.  It is current, and will make you sound smart yet unpretentious.<\/p>\n\n\n\n

To learn more about this word and to hear it pronounced correctly go to the following link:
https:\/\/www.merriam-webster.com\/dictionary\/fungible<\/a><\/p>\n\n\n\n

*Going down a rabbit hole….the meaning.<\/strong>
To enter into a situation or begin the process of journey that is particularly strange, problematic, difficult, complex or chaotic, especially one that becomes increasingly so as it develops or unfolds. (An allusion to Alice in Wonderland by Lewis Carroll.)<\/p>\n\n\n\n

Perhaps like a divorce.<\/p>\n\n\n\n

A previous \u201cWord of the Week\u201d revisited:<\/strong><\/p>\n\n\n\n

truncate<\/strong> – to shorten by or as if by cutting off – “A truncated version of this report is on the web.”
https:\/\/www.merriam-webster.com\/dictionary\/<\/a>truncate<\/p>\n\n\n\n

Quote of the Week:<\/strong><\/p>\n\n\n\n

Diplomacy is the art of telling people to go to hell in such a way that they ask for directions. <\/em>Winston Churchill.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Until next Saturday,<\/p>\n\n\n\n

Gramps<\/p>\n\n\n\n

Forty-eight weeks of great words:<\/p>\n\n\n\n

1 –\u00a0 \u00a0exacerbate – to make worse “Your input just exacerbates an already difficult situation.”
2 –\u00a0 \u00a0assuage – to make a situation or feeling less intense. “I pray our Heavenly Father may assuage you of the anguish of your grief.”.
<\/a>3 –\u00a0 \u00a0force majeure’ –\u00a0\u00a0unforeseeable circumstance that prevents someone from fulfilling a contract. “The tenant will not be required to pay rent due to the force majeure’ clause.
4 –\u00a0 \u00a0sanguine –\u00a0<\/a>optimistic or positive, especially in an apparently bad or difficult situation. “I’m trying to be\u00a0sanguine\u00a0about this, but I see a major roadblock”
5 –\u00a0 \u00a0segue – (seg way)\u00a0proceed to what follows without pause.\u00a0 “She has the skill to easily\u00a0segue from political conversations into subjects less controversial.”
6 –\u00a0 \u00a0bifurcate –\u00a0to cause to divide into two branches or parts. “We have decided to bifurcate this large project.”
7 –\u00a0 \u00a0indolent –\u00a0\u00a0<\/strong>habitually lazy – “His failure in life may stem from his indolent ways as a youth”.
8 –\u00a0 \u00a0ameliorate –\u00a0to make better or more tolerable\u00a0–\u00a0\u00a0“this drug should ameliorate your pain”
9- truncate –\u00a0<\/a>to shorten by or as if by cutting off – “A truncated version of this report is on the web.”
10 – nascent –\u00a0coming or having recently come into existence\u00a0\u00a0“His nascent idea for a business turned into a goldmine”
11 – b\u00e9chamel – a rich white sauce – “He made a lump-free b\u00e9chamel for her, and, in return, she gave him her love.”
12 – anarchy –\u00a0 absence of government – “The revolution began when anarchy took root in just one city”.
13 – rhetorical question – a question not intended to require an answer. “Is this a beautiful day or what?”
14 – milieu –\u00a0the physical or social setting in which something occurs or develops.- “His discipline is a result of growing up as part of the military milieu”
15 – nadir – the lowest point – “The stock market reached its current nadir in March”
16 – black swan event – comes as a surprise and has a major effect. “This pandemic is considered by many to be a black swan event.”
17 – myopic –\u00a0narrow in perspective and without concern for broader implications.\u00a0 “Your myopic view of this project is disturbing”.
18 – quixotic –\u00a0\u00a0<\/strong>foolishly impractical\u00a0especially in the pursuit of ideals – “His quixotic pursuit for her affection was quite simply foolish.”
19 – prescience –\u00a0human anticipation of the course of events – foresight.\u00a0 “His intuitive prescience helped to make him a success”
20 – laconic and laconic riposte – use of a minimum of words, and a short clever response to an insult or challenge.\u00a0 In response to a demand to\u00a0immediately\u00a0surrender\u00a0he sent back the following: “Nuts”.
21 – protean – ability to change, versatile.\u00a0 “The coronavirus is protean in its ability to either make you sick or not.”
22 – ephemeral – lasting a very short time or perhaps only one day. “Custer was chasing an ephemeral Indian city.”
23 – catch-22 –\u00a0a dilemma or difficult\u00a0circumstance from which there is no escape because of mutually conflicting or dependent conditions.\u00a0 From the novel “Catch-22”.
24 – arrogate –\u00a0to take or claim something without justification. “In order to accomplish his dream he arrogated to himself controversial powers”.
25 – obtuse – difficult to understand, lacking intellect.\u00a0 “The responses to his remarks this week were even more obtuse.”\u00a0
26 –\u00a0purloin –\u00a0to appropriate wrongfully (steal), often pertaining to a theft that is a breach of trust.\u00a0 “When she opened her new office she purloined one of my listings”.
27 – salience –\u00a0the quality of being particularly\u00a0noticeable\u00a0or important.\u00a0\u00a0“It is not clear that raising the electoral salience of the Supreme Court will work to the president\u2019s advantage.
28 – confabulate – to talk normally or to hold a discussion.\u00a0 “He likes to confabulate.”
29 – animus – a usually prejudiced and often spiteful or malevolent ill will. \u201cI have no animus or agenda for the Affordable Care Act.\u201d
30 \u2013 puerile – to act or communicate in a juvenile, silly or childish manner. \u201cHis puerile ways are giving a poor impression at his job interviews\u201d.
31 \u2013 regnant – having the greatest influence – \u201cThe regnant belief\u201d.
32 \u2013 roil \u2013 to be agitated or chaotic \u2013 \u201cthe politics of slavery was roiling the United States\u201d.
33 \u2013 sonder – The realization that each random passerby is living a life as vivid and complex as your own.
34 \u2013 inculcate – To instill or teach someone an attitude, idea, or habit by persistent instruction. \u201cThey will try to inculcate you with a respect for culture.\u201d
35 \u2013 mendacity \u2013 untruthfulness, lying. \u201cHe blew the whistle on the mendacity of the politician.\u201d
36 \u2013 pejorative \u2013 Expressing contempt or disapproval.\u00a0 Having negative connotations.\u00a0\u00a0 \u201cPermissiveness is often used a pejorative term\u201d.
37 \u2013 dystopian \u2013 A world or society in which people lead wretched, dehumanized fearful lives, often associated with a totalitarian government or an environmentally degraded world. \u201cThe dystopian future of a society bereft of reason\u201d.
38 \u2013 Occam\u2019s razor \u2013 The simplest answer may be the preferred answer.
39 \u2013 execrate or execrable \u2013 very bad \u2013 \u201cThe execrable hotel food.\u201d
40 \u2013 immutable \u2013 unchangeable \u2013 Do not make the mistake of assuming that public opinion is immutable.\u00a0\u00a0\u00a0
41 \u2013 prurient – having or encouraging an excessive or unwholesome interest in matters of sex.\u00a0
\u00a0\u201cShe\u2019d been the subject of much prurient <\/em><\/strong>curiosity\u201d.
42 \u2013 obsequious – exhibiting fawning attentiveness. Exaggerated deference of manner.\u00a0 \u201cWaiters who are obsequious in the presence of celebrities.\u201d
43 \u2013 iconoclast –\u00a0 a person who attacks settled beliefs or institutions \u201cHe was a prolific writer with a reputation for iconoclastic insight and irreverent prose.\u201d
44 \u2013 oblique – something not parallel nor at a right angle to a specified or implied line \u2013 slanting.
\u201cWe sat on the settee oblique to the fireplace. Or something not done in a direct way such as \u201cHe issued an oblique attack on the president\u201d.
45 \u2013 profligate \u2013 wasteful \u2013 wildly extravagant.\u00a0 \u201cHe has always been a profligate spender, which is why he is broke.\u201d
46 – raconteur \u2013 a good teller of stories.\u00a0 \u201cWe always invite her to dinner because she is a fine raconteur\u201d.
47 \u2013 taciturn – a person who is reserved or uncommunicative in speech\u2026saying little.\u00a0 It usually connotes unsociability. \u201cNothing bothered the taciturn <\/strong>Hogan more that excessive praise.\u201d<\/em>
48 \u2013 fungible – capable of mutual substitution: interchangeable.\u00a0 \u201cThe court’s postulate is that male and female jurors must be regarded as\u00a0fungible<\/strong>.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cMoney if fungible.\u201d WSJ Definition: Being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account.  Capable of mutual substitution: interchangeable. \u201cOil, wheat, and lumber are fungible commodities.\u201d \u201cThe court’s postulate is that male … Continue reading W<\/strong>ORD OF THE <\/strong>W<\/strong>EEK <\/strong>#48 \u2013 fungible<\/strong><\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/wordofweek.com\/index.php?rest_route=\/wp\/v2\/posts\/129"}],"collection":[{"href":"https:\/\/wordofweek.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordofweek.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordofweek.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordofweek.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129"}],"version-history":[{"count":8,"href":"https:\/\/wordofweek.com\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions"}],"predecessor-version":[{"id":140,"href":"https:\/\/wordofweek.com\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions\/140"}],"wp:attachment":[{"href":"https:\/\/wordofweek.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordofweek.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordofweek.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}