Skip to main content
Find a Lawyer

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.
Copied to clipboard