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.
Freebase(0.00 / 0 votes)Rate this definition: Past tense. The past tense is a grammatical tense whose principal function is to place an action or situation in past time. In languages which have a past tense, it thus provides a grammatical means of indicating that the event being referred to took place in the past.