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.

---

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

---

commodity Cultural  

1. Any product manufactured or grown.

---

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

Backtrack a few years, though and he was head of Cargill’s refined oils trading operation in the Western hemisphere — with the additional responsibility of managing the company’s commodity business in Venezuela.

From MarketWatch

“Commodities are negatively correlated, or uncorrelated, to both stocks and bonds,” making a commodity fund a “perfect diversifier.”

From Barron's

“We have engaged the world’s leading commodity marketers and key banks to execute and provide financial support for these crude oil and crude products sales,” the Department added.

From Barron's

A few weeks later, traders seem to be jumping over themselves to buy the riskiest, highest-beta AI momentum plays: commodity memory stocks.

From Barron's

Stocks sensitive to commodity prices are already off to a strong start.

From MarketWatch

Related Words

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