com·mut·a·ble / kəˈmyoōtəbəl/ • adj. 1. (of a place or home) sufficiently close to one's place of work that one can travel between the two on a regular basis. ∎ (of a distance) sufficiently short that it can be traveled on a regular basis.2. rare capable of being exchanged or converted.DERIVATIVES: com·mut·a·bil·i·ty / kəˌmyoōtəˈbilitē/ n.