commodity

[ kuh-mod-i-tee ]
/ kəˈmɒd ɪ ti /
SEE SYNONYMS FOR commodity ON THESAURUS.COM

noun, plural com·mod·i·ties.

an article of trade or commerce, especially a product as distinguished from a service.
something of use, advantage, or value.
Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.
Obsolete. a quantity of goods.

Origin of commodity

1375–1425; late Middle English commodite < Anglo-French < Latin commoditās timeliness, convenience, equivalent to commod(us) (see commode) + -itās -ity

OTHER WORDS FROM commodity

non·com·mod·i·ty, adjective, noun, plural non·com·mod·i·ties.

Words nearby commodity

commo, commode, commodify, commodious, commoditize, commodity, commodity exchange, commodity futures trading commission, commodore, commodus, common

Words related to commodity

product, goods, material, produce, asset, property, stock, belonging, object, chattel, specialty, thing, article, line, ware, vendible

Example sentences from the Web for commodity

British Dictionary definitions for commodity

commodity
/ (kəˈmɒdɪtɪ) /

noun plural -ties

an article of commerce
something of use, advantage, or profit
economics an exchangeable unit of economic wealth, esp a primary product or raw material
obsolete
  1. a quantity of goods
  2. convenience or expediency

Word Origin for commodity

C14: from Old French commodité, from Latin commoditās suitability, benefit; see commodious

Cultural definitions for commodity

commodity

Any product manufactured or grown.