Commodity

A basic good used in commerce that is interchangeable.

Detailed Definition

A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type (fungible). Examples include gold, oil, natural gas, and grain.

Related in General Trading

Liquidity

How easily an asset can be converted into cash.

Bull Market

A market condition where prices are rising.

Position

The amount of a security held by an individual or institution.