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 past tense. Definition of the simple past tense. The simple past tense, sometimes called the preterite, is used to talk about a completed action in a time before now. The simple past is the basic form of past tense in English. The time of the action can be in the recent past or the distant past and action duration is not important.