noun, plural com·mod·i·ties.
- an article of trade or commerce, especially a product as distinguished from a service.
- something of use, advantage, or value.
- Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.
- Obsolete. a quantity of goods.
noun plural -ties
- an article of commerce
- something of use, advantage, or profit
- economics an exchangeable unit of economic wealth, esp a primary product or raw material
- a quantity of goods
- convenience or expediency
n.early 15c., “benefit, profit, welfare;” later “a convenient or useful product,” from Middle French commodité “benefit, profit,” from Latin commoditatem (nominative commoditas) “fitness, adaptation, convenience, advantage,” from commodus “suitable, convenient” (see commode). General sense “property possession” is from c.1500. Any product manufactured or grown.