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.
simple tense. n (Grammar) a tense of verbs, in English and other languages, not involving the use of an auxiliary verb in addition to the main verb, as for example the past He drowned as opposed to the future He will drown. English Collins Dictionary-English Definition & Thesaurus.