commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Definition of commodity

plural

commodities

  1. 1 :  an economic good: such asa :  a product of agriculture or mining agricultural commodities like grain and cornb :  an article of commerce especially when delivered for shipment reported the damaged commodities to officialsc :  a mass-produced unspecialized product commodity chemicals commodity memory chips

  2. 2a :  something useful or valued that valuable commodity, patience; also :  thing, entityb :  convenience, advantage … the many commodities incidental to the life of a public office … — Charles Lamb

  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.

Recent Examples of commodity from the web

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Origin and Etymology of commodity

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


First Known Use: 15th century



COMMODITY Defined for English Language Learners

commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Definition of commodity for English Language Learners

  • : something that is bought and sold

  • : something or someone that is useful or valued


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



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