commodity
/kəˈmɒdəti/ noun [C]Definition
› STOCK MARKET, FINANCE a substance or a product that can be traded in large quantities, such as oil, metals, grain, coffee, etc.: One big commodity that Canada exports is oil. Higher commodities prices boosted first-quarter profits. agricultural commodities
› FINANCE a financial product that can be traded: Returning barren fields to their natural state as wetlands creates a host of "wetland mitigation credits," a commodity the company plans to sell.
› NATURAL RESOURCES a thing or a quality that is useful: Water is a very scarce commodity in the region. Fluency in Arabic is a valuable commodity in a job market desperate for Arabic translators.
(Definition of commodity noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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