commodity
noun [ C ]
uk/kəˈmɒdəti/ us 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.