[com.mod.i.ty] n, pl -ties [ME commoditee, fr. MF commodite, fr. L commoditat-, commoditas, fr. commodus] (15c) 1: an economic good: as a: a product of agriculture or mining b: an article of commerce esp. when delivered for shipment "commodities futures" c: a mass-produced unspecialized product "~ chemicals" "~ memory chips"
2. a: something useful or valued "that valuable ~ patience" b: convenience, advantage 3 obs: quantity, lot