Source : Webster's Revised Unabridged Dictionary (1913)

Commodity \Com*mod"i*ty\, n.; pl. {Commodities}. [F.
   commodit['e], fr. L. commoditas. See {Commode}.]
   1. Convenience; accommodation; profit; benefit; advantage;
      interest; commodiousness. [Obs.]

            Drawn by the commodity of a footpath. --B. Jonson.

            Men may seek their own commodity, yet if this were
            done with injury to others, it was not to be
            suffered.                             --Hooker.

   2. That which affords convenience, advantage, or profit,
      especially in commerce, including everything movable that
      is bought and sold (except animals), -- goods, wares,
      merchandise, produce of land and manufactures, etc.

   3. A parcel or quantity of goods. [Obs.]

            A commodity of brown paper and old ginger. --Shak.

Source : WordNet®

commodity
     n : articles of commerce [syn: {trade goods}, {goods}]