This is the British English definition of commodity. View American English definition of commodity. Change your default dictionary to American English. View the pronunciation for commodity.
3. adjective. In grammar, the present tenses of a verb are the ones that are used to talk about things that happen regularly or situations that exist at this time. The simple present tense uses the base form or the 's' form of a verb, as in 'I play tennis twice a week' and 'He works in a bank'. 4. at present.
being, existing, or occurring at this time or now; current: increasing respect for the present ruler of the small country. 2. at this time; at hand; immediate: articles for present use. 3. Grammar. noting an action or state occurring at the moment of speaking or writing: Knows is a present form in He knows that.