commodity

American  

[kuh-mod-i-tee] / kəˈmɒd ɪ ti /

noun

plural

commodities

1. an article of trade or commerce, especially a product as distinguished from a service.

2. something of use, advantage, or value.

3. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.

4. Obsolete. a quantity of goods.

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commodity British  

/ kəˈmɒdɪtɪ /

noun

1. an article of commerce

2. something of use, advantage, or profit

3. economics an exchangeable unit of economic wealth, esp a primary product or raw material

4. obsolete

   1. a quantity of goods

   2. convenience or expediency

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commodity Cultural  

1. Any product manufactured or grown.

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Other Word Forms

• noncommodity adjective

Etymology

Origin of commodity

First recorded in 1375–1425; late Middle English commodite, from Anglo-French, from Latin commoditās “timeliness, convenience,” equivalent to commod(us) ( commode ) + -itās -ity

Example Sentences

Since 2001 Jacob has reported on business, ranging from restaurants to hedge funds and commodity markets.

From The Wall Street Journal

After a three-year love affair with anything related to artificial intelligence, U.S. investors are flocking to the factory owners, fast-food restaurants and commodity companies that have seemingly strong odds of surviving the technological revolution intact.

From The Wall Street Journal

Unlike shares in companies, which rise in anticipation of increased revenue, commodity prices are determined by the current supply versus demand.

From Barron's

Those markets let businesses and financial institutions hedge or speculate against the future price of commodities such as oil or fluctuations in things like interest rates.

From The Wall Street Journal

Gone are the days of open trade in commodities.

From The Wall Street Journal

Related Words

• asset
• goods
• material
• produce
• product
• property
• stock