Date: Sat Mar 4 00:17:37 EST 1995
Subject: A.Word.A.Day--fungible
1. fun.gi.ble \'f*n-j*-b*l\ n : fungible goods - usu. used in pl.
2. fungible aj [NL fungibilis, fr. L fungi to perform - more at FUNCTION]
1: of such a kind or nature that one specimen or part may be used in place
of another specimen or equal part in the satisfaction of an obligation 2:
INTERCHANGEABLE

I still say loyalties are not fungible.