1 Water was another commodity enthusiastically offered to the parade-watchers. 2  Definitely. 3  The Cannery Row project will make you a hot commodity around here. 4  Information was obviously a free commodity in this area.
present-day-belonging to the present time; contemporary leaders. contemporary. current-occurring in or belonging to the present time; current events; the current topic; current negotiations; current psychoanalytic theories; the ship's current position.
The term present tense is usually used in descriptions of specific languages to refer to a particular grammatical form or set of forms; these may have a variety of uses, not all of which will necessarily refer to present time.