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commodities

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com⋅mod⋅i⋅ty

  [kuh-mod-i-tee]
Use commodities in a Sentence
–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
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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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.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

commodity

Any product manufactured or grown.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

commodity 
1410, from M.Fr. commodité "benefit, profit," from L. commoditatem (nom. commoditas) "fitness, adaptation," from commodus (see commode). Commodification first attested 1975, in reference to art theory.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

commodity

A generic, largely unprocessed, good that can be processed and resold. Commodities traded in the financial markets for immediate or future delivery are grains, metals, and minerals. They are generally traded in very large quantities. See also futures contract.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: com·mod·i·ty
Pronunciation: k&-'mä-d&-tE
Function: noun
Inflected Form: plural -ties
: a class of economic goods; especially : an item of merchandise (as soybeans) whose price is the basis of futures trading
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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