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Commodities - 2 dictionary results

com⋅mod⋅i⋅ty

[kuh-mod-i-tee]
–noun, plural -ties.
1. an article of trade or commerce, esp. a product as distinguished from a service.
2. something of use, advantage, or value.
3. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.
4. Obsolete. a quantity of goods.

Origin:
1375–1425; late ME commodite < AF < L commoditās timeliness, convenience, equiv. to commod(us) (see commode ) + -itās -ity
com·mod·i·ty   (kə-mŏd'ĭ-tē)   
n.   pl. com·mod·i·ties
  1. Something useful that can be turned to commercial or other advantage: "Left-handed, power-hitting third basemen are a rare commodity in the big leagues" (Steve Guiremand).
  2. An article of trade or commerce, especially an agricultural or mining product that can be processed and resold.
  3. Advantage; benefit.
  4. Obsolete A quantity of goods.

[Middle English commodite, from Old French, convenience, from Latin commoditās, from commodus, convenient; see commodious.]
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