- commodity
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com·mod·i·ty /kə-'mä-də-tē/ n pl -ties: a class of economic goods; esp: an item of merchandise (as soybeans) whose price is the basis of futures trading
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- commodity
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n.(1) Something that can be sold; a thing of value.(2) Raw materials or agricultural products that can be bought and sold.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- commodity
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USAIn the context of US financial regulation, a commodity is typically a raw material or agricultural product (for example, soybeans, cotton and livestock). It should be distinguished from a security(soy beans, cotton, livestock). The CEA gives the CFTC authority to regulate contracts for the sale of a commodity for future delivery. The CFTC also has the authority to regulate US commodities futures markets and its participants.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- commodity
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n. Any tangible good or product that is the subject of sale or barter.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
- commodity
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A tangible item that may be bought or sold; something produced for commerce.
Dictionary from West's Encyclopedia of American Law. 2005.
- commodity
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A tangible item that may be bought or sold; something produced for commerce.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.