commodity dollar


Definition of commodity dollar

: a unit of a proposed form of currency whose gold value is arbitrarily determined by and whose nominal gold content is periodically adjusted to an index number reflecting market prices of basic commodities

called also compensated dollar

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Learn More about commodity dollar

Statistics for commodity dollar

Cite this Entry

“Commodity dollar.” Dictionary, Merriam-Webster, Accessed 4 Dec. 2020.

Comments on commodity dollar

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


Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
Spell It

Can you spell these 10 commonly misspelled words?

Syn City

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

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!