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

“I come from a commodities background,” Intrator told me in a recent interview.

From Barron's

On the supply side, some funds that might have gone toward commodity investment may have been diverted to tech and AI, given their massive run in recent years.

From Barron's

High-frequency indicators also point to firmer consumer confidence and stronger car sales, while net exports likely softened amid weaker commodity demand, it added.

From The Wall Street Journal

Higher interest rates could boost the dollar and dull demand for dollar-denominated commodities.

From MarketWatch

Higher interest rates could boost the dollar and dull demand for dollar-denominated commodities.

From MarketWatch

Related Words

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