Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Scrabble
  • Spanish Central
  • Learner's Dictionary

commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Simple Definition of commodity

  • : something that is bought and sold

  • : something or someone that is useful or valued

Source: Merriam-Webster's Learner's Dictionary

Full Definition of commodity

plural

commodities

  1. 1 :  an economic good: as a :  a product of agriculture or mining b :  an article of commerce especially when delivered for shipment <commodities futures> c :  a mass-produced unspecialized product <commodity chemicals> <commodity memory chips>

  2. 2 a :  something useful or valued <that valuable commodity patience>; also :  thing, entity b :  convenience, advantage

  3. 3 obsolete :  quantity, lot

  4. 4 :  a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (as brand name) other than price

  5. 5 :  one that is subject to ready exchange or exploitation within a market <stars as individuals and as commodities of the film industry — Film Quarterly>

Examples of commodity in a sentence

  1. agricultural commodities like grain and corn

  2. Oil is a commodity in high demand.

  3. Patience is a rare commodity.



Origin and Etymology of commodity

Middle English commoditee, from Anglo-French commoditee, from Latin commoditat-, commoditas, from commodus


First Known Use: 15th century



COMMODITY Defined for Kids

commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Definition of commodity for Students

plural

commodities

  1. :  something produced by agriculture, mining, or manufacture




Law Dictionary

commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Legal Definition of commodity

plural

commodities

  1. :  a class of economic goods; especially :  an item of merchandise (as soybeans) whose price is the basis of futures trading





Seen and Heard

What made you want to look up commodity? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

mysterious, holy, or spiritual

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

lavender-fields-in-france

Which of these is a synonym of caesura?

torrent interruption rebellion megillah
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ