Interchangeable is a term used to describe items that are IDENTICAL, EQUIVALENT, SAME, or fungible. It means that the items can be exchanged for one another without any loss of value. For example, two IDENTICAL items, such as two IDENTICAL cars, are interchangeable because they have the SAME value and can be exchanged for one another. Similarly, two EQUIVALENT items, such as two different cars of the SAME make and model, are also interchangeable because they have the SAME value and can be exchanged for one another. Finally, two items that are the SAME, such as two IDENTICAL pieces of furniture, are also interchangeable because they have the SAME value and can be exchanged for one another. Fungible items, such as money, are also interchangeable because they have the SAME value and can be exchanged for one another.