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commodity - 8 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.]

Commodity

Com*mod"i*ty\, n.; pl. Commodities. [F. commodit['e], fr. L. commoditas. See Commode.]

1. Convenience; accommodation; profit; benefit; advantage; interest; commodiousness. [Obs.]

Drawn by the commodity of a footpath. --B. Jonson.

Men may seek their own commodity, yet if this were done with injury to others, it was not to be suffered. --Hooker.

2. That which affords convenience, advantage, or profit, especially in commerce, including everything movable that is bought and sold (except animals), -- goods, wares, merchandise, produce of land and manufactures, etc.

3. A parcel or quantity of goods. [Obs.]

A commodity of brown paper and old ginger. --Shak.
Language Translation for : commodity
Spanish: producto, artículo,
German: die Ware,
Japanese: 商品

commodity

Any product manufactured or grown.


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.

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


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.


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
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