commodity

[ kuh-mod-i-tee ]
/ kəˈmɒd ɪ ti /

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
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

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.