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

“The key question is whether these sanctions are enough to deter buyers of Russian oil, specifically China and India,” said Warren Patterson, head of commodities strategy at ING.

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Firms have also launched 164 leveraged alternative funds, which track cryptocurrencies like bitcoin and commodities like gold.

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The blacklist exposes companies working with the firms to the risk of secondary sanctions, which would deny them access to US banks, traders, shippers and insurers -- the backbone of the commodities market.

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Yet, financial fragility is clear in its weak balance sheet and limited financial flexibility, leaving it vulnerable to credit tightening or commodity price shocks.

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Sales don’t always matter as much in commodity chemicals.

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Related Words

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