commodity Hear it!

commodity Definition

com·mod·ity (kə mäd′ə tē)

noun pl. -·ties

  1. any useful thing
  2. anything bought and sold; any article of commerce
  3. basic items or staple products, as of agriculture or mining
  4. Archaic personal advantage

Etymology: ME & OFr commodite, benefit, profit < L commoditas, fitness, adaptation < commodus: see commode

commodity Synonyms

commodity

n. [Often plural]

goods, article(s), merchandise, wares, materials, products, possessions, property, chattel, assets, belongings, item(s), thing(s), specialty, stock, stock in trade, consumers' goods, staples, line, what one handles.

commodity Finance Definition

Products that can be traded on a commodities exchange, for example, agricultural products, metals, petroleum, gasoline, heating oil, and natural gas. The term commodity may refer to physical products, such as oil, gasoline, or building supplies that are purchased in the cash market that have nothing to do with a futures exchange. The term can also refer to the fact that over time, as more companies enter a market, competition drives prices down, resulting in a product moving from being profitable to being little more than a commodity.

commodity Law Definition

n

Any tangible good or product that is the subject of sale or barter.

commodity Usage Examples

Converse of object

  • consume: The definition of a " service " is: " a commodity consumed in the instant of its production " .
  • produce: Another favorite ploy is to call for investment in infrastructure to enable native people to produce commodities for sale to the west.
  • export: Iraq has been under comprehensive economic sanctions since 1990, and is only allowed to export one commodity, oil.
  • become: Africa's animals have become a commodity to be traded on the international markets!
  • sell: He offers interesting examples of how truth can virtually become a commodity sold on the open market.

Adjective modifier

  • marketable: In the US, schooling is a $ 650 billion marketable commodity to be traded for a profit.
  • precious: With time now a very precious commodity we had to start shooting straight away.
  • saleable: The designer's trained skill is a saleable commodity which carries a price.
  • tradable: Big business lobbyists want food to be treated like any other tradable commodity in the global market.
  • scarce: Open space is a scarce commodity within the urban areas of the District.
  • tradeable: As opposed to being a worldwide brand or tradeable commodity, non league sides exist to serve their communities.

Modifies a noun

  • fetishism: Does exactly the same not hold for the Marxian commodity fetishism?
  • trading: Laura is working part-time toward an M.S. in decision support for commodity trading.
  • price: Helped by higher commodity prices, Africa is doing pretty well.
  • trader: Are these commodities traders seeking an inside tip on short-term squash futures?
  • broker: My advice to get the proper source to compile your data is to get a junior commodity broker to help you out.
  • bull: But Jim Rogers, fabled hedge-fund manager of the 1970s and now ardent commodity bull, finds such talk ridiculous.

Noun used with modifier

  • export: Coffee as an export commodity grew between the 1850s and the 1870s, and by 1890 coffee had become the nation's principal export.
  • bulk: Bulk commodities are piled above, inspected by Mahu.
  • trading: We are all citizens of the world and should conduct ourselves as human beings, not trading commodities.