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

The ultimate fate of the company rests on the question of what will become a commodity first, said McCardel, the startup founder whose employees persuaded him to use Cursor.

From The Wall Street Journal

Michael Brown, a strategist at broker Pepperstone, suggested that the rally has legs, however—especially since the recent run-up could attract more retail investors to the metal, which is historically a volatile commodity.

From Barron's

Pathway Chief Commercial Officer Victor Szczerba distinguishes between “commodity” AI tasks such as approving a customer discount and more demanding projects such as end-of-quarter financial planning.

From The Wall Street Journal

The Bosporus, a major waterway in Turkey for commodities including Russian oil exported from the Black Sea, has been open for commercial traffic throughout most of the war in Ukraine.

From The Wall Street Journal

For Friday thus far, investors have been unable to get futures updates for the Dow Jones Industrial Average, the S&P 500 and Nasdaq-100, with commodities futures trading also affected.

From MarketWatch

Related Words

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