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commodity

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com⋅mod⋅i⋅ty

  [kuh-mod-i-tee]
Use commodity 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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Commodities Trading
Discount Commodity Trades for $0.99 Fast Executions, Lower Commissions
www.GoFutures.com
Online Commodity Trading
40+ Years Experience for Guidance & Stability. 10 Free Trades Today!
www.Lind-Waldock.com/Commodities
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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Financial Dictionary

Commodity

Any bulk good traded on an exchange or in the cash market.

Investopedia Commentary

Some examples include grain, oats, gold, oil, beef, silver, and natural gas.

Related Links

Futures Fundamentals

See also: Chicago Board of Trade (CBOT), Commodity Swap, Delivery Date, Futures, LEAPS, NYBOT, Position Trader

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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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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Commodities Law Firm
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www.ruddylaw.com
2009 Commodity Forecast
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