n.
Pronunciation: k ə - ' mä-d ə -t ē
Function: noun
Inflected Form: plural -ties
Etymology: Middle English commoditee, from Anglo-French commoditee, from Latin commoditat-, commoditas, from commodus
Date: 15th century
1 : an economic good: as a : a product of agriculture or mining b : an article of commerce especially when delivered for shipment < commodities futures> c : a mass-produced unspecialized product < commodity chemicals> < commodity memory chips>
2 a : something useful or valued <that valuable commodity patience> also : THING , ENTITY b : CONVENIENCE , ADVANTAGE
3 obsolete : QUANTITY , LOT
4 : a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (as brand name) other than price
5 : one that is subject to ready exchange or exploitation within a market <stars as individuals and as commodities of the film industry ― Film Quarterly >