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

While the Strait is an important source of energy and commodities for China, he notes that Beijing’s efforts to shore up its supply chains make it less vulnerable than its Asian neighbors.

From Barron's

The turmoil could send up energy and commodity prices in ways that could further delay reaching the target.

From The Wall Street Journal

“They’re commodity states,” said Hanke, who served as an economist on President Ronald Reagan’s Council of Economic Advisers and has also advised foreign governments on monetary policy.

From The Wall Street Journal

The port city is "ideally placed to bypass the Strait of Hormuz", said Dubai-based oil analyst Matt Stanley, who works for commodities data provider Kpler.

From BBC

“The longer the strait is impassable, the tighter commodity supply will become, thus the higher prices will likely go, and the greater the inflationary impulse that will follow,” the senior research strategist says.

From The Wall Street Journal

Related Words

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