commodity

[kuh-mod-i-tee]

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.

commodity

/ 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

commodity

1. Any product manufactured or grown.

Other Word Forms

• noncommodity adjective

Word History and Origins

Origin of commodity¹

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

Word History and Origins

Origin of commodity¹

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

Example Sentences

Kaneva, who heads the bank’s global commodities team, thinks it is unlikely that oil actually falls to that level.

Read more on Barron's

Kaneva, who heads the bank’s global commodities team, thinks it is unlikely that oil actually falls to that level.

Read more on Barron's

The most prominent market leaders are commodities and gold, followed by bonds in the improving quadrant.

Read more on MarketWatch

Lukoil scrambled to offload its overseas portfolio but a quick deal the company struck with commodities trader Gunvor was rejected by U.S. officials, forcing it to look for alternative buyers.

Read more on The Wall Street Journal

He notes in previous cycles it is commodities and mining stocks that do best in the leg when liquidity is declining.

Read more on MarketWatch

Related Words

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