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commodity

[ kuh-mod-i-tee ]
/ kəˈmɒd ɪ ti /
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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.

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RELATED WORDS

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

Nearby words

  1. commodify,
  2. commodious,
  3. commodiously,
  4. commoditization,
  5. commoditize,
  6. commodity exchange,
  7. commodity futures trading commission,
  8. commodore,
  9. commodus,
  10. common

Origin of commodity

1375–1425; late Middle English commodite < Anglo-French < Latin commoditās timeliness, convenience, equivalent to commod(us) (see commode) + -itās -ity
Related formsnon·com·mod·i·ty, adjective, noun, plural non·com·mod·i·ties.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples 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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Word Origin and History for commodity

commodity

n.

early 15c., "benefit, profit, welfare;" later "a convenient or useful product," from Middle French commodité "benefit, profit," from Latin commoditatem (nominative commoditas) "fitness, adaptation, convenience, advantage," from commodus "suitable, convenient" (see commode). General sense "property possession" is from c.1500.

Online Etymology Dictionary, © 2010 Douglas Harper
Culture definitions for commodity

commodity

Any product manufactured or grown.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.