Commodity Definition

kə-mŏdĭ-tē
commodities
noun
commodities
Any useful thing.
Webster's New World
Anything bought and sold; any article of commerce.
Webster's New World
A product or service that has become so standardized that buyers stop distinguishing between competing brands and typically seek the lowest price.
Webster's New World
Basic items or staple products, as of agriculture or mining.
Webster's New World
Personal advantage.
Webster's New World
Advertisement
other
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.
Webster's New World Finance
Synonyms:
item(s)merchandisepropertymaterialsgoodsassetsarticle(s)stapleswhat one handleslineconsumers' goodsstock-in-tradestockspecialtything(s)

Other Word Forms of Commodity

Noun

Singular:
commodity
Plural:
commodities

Origin of Commodity

  • Middle English commodite from Old French convenience from Latin commoditās from commodus convenient commodious

    From American Heritage Dictionary of the English Language, 5th Edition

  • Middle English commoditee, from Anglo-Norman commoditee, from Latin commoditat, commoditas.

    From Wiktionary

Advertisement

Find Similar Words

Find similar words to commodity using the buttons below.

Words Starting With

Words Ending With

Unscrambles

commodity