FindLaw Legal Dictionary
The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
term:
Commodity
-
commodity n
-
pl: -ties
: a class of economic goods
;esp
: an item of merchandise (as soybeans) whose price is the basis of futures trading
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.