commodity
Defined in 4 dictionaries — Case Law, U.S. Code, Cyclopedic (1922), Bouvier (1914)
Definitions from Case Law
From 321 U.S. 144 - Davies Warehouse Co. v. Bowles · 1944Most cited · 427 citing opinions
commodities, articles, products, and materials (except materials furnished for publication by any press association or feature service, books, magazines, motion pictures, periodicals and newspapers, other than as waste or scrap), and it also includes services rendered otherwise than as an employee in connection with the processing, distribution, storage, installation, repair, or negotiation or purchases or sales of a commodity, or in connection with the o
United States Code
7 U.S.C. § 1A — as used in this chapter (3 versions over time)
The term “commodity” means wheat, cotton, rice, corn, oats, barley, rye, flaxseed, grain sorghums, mill feeds, butter, eggs, Solanum tuberosum (Irish potatoes), wool, wool tops, fats and oils (including lard, tallow, cottonseed oil, peanut oil, soybean oil, and all other fats and oils), cottonseed meal, cottonseed, peanuts, soybeans, soybean meal, livestock, livestock products, and frozen concentrated orange juice, and all other goods and articles, except onions (as provided by section 13–1 of this title) and motion picture box office receipts (or any index, measure, value, or data related to such receipts), and all services, rights, and interests (except motion picture box office receipts, or any index, measure, value or data related to such receipts) in which contracts for future delivery are presently or in the future dealt in.
7 U.S.C. § 1310 — for purposes of this section
For purposes of this section, the term “commodity” shall include any of the following: wheat, corn, grain sorghum, soybeans, oats, rye, barley, rice, flaxseed, and cotton.
11 U.S.C. § 761 — in this subchapter (2 versions over time)
“contract of sale”, “commodity”, “derivatives clearing organization”, “future delivery”, “board of trade”, “registered entity”, and “futures commission merchant” have the meanings assigned to those terms in the Act;
22 U.S.C. § 2403 — as used in this chapter
“Commodity” includes any material, article, supply, goods, or equipment used for the purposes of furnishing nonmilitary assistance.
26 U.S.C. § 475 — under this section
For purposes of this subsection and subsection (f), the term “commodity” means—
(A) any commodity which is actively traded (within the meaning of section 1092(d)(1));
(B) any notional principal contract with respect to any commodity described in subparagraph (A);
(C) any evidence of an interest in, or a derivative instrument in, any commodity described in subparagraph (A) or (B), including any option, forward contract, futures contract, short position, and any similar instrument in such a commodity; and
(D) any position which—
(i) is not a commodity described in subparagraph (A), (B), or (C),
(ii) is a hedge with respect to such a commodity, and
(iii) is clearly identified in the taxpayer's records as being described in this subparagraph before the close of the day on which it was acquired or entered into (or such other time as the Secretary may by regulations prescribe).
26 U.S.C. § 4975 — for purposes of this section
The term “commodity” has the meaning given such term by section 475(e)(2) (without regard to subparagraph (D)(iii) thereof).
29 U.S.C. § 1108 — under this section
The term “commodity” has the meaning given such term by section 475(e)(2) of title 26 (without regard to subparagraph (D)(iii) thereof).
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Due measure, just proportion (fr. commodus that has due measure, fr. corn-modus measure). 1. The quality of being suitable, convenient, commodious. In this sense no longer used. 2. That which affords convenience, benefit, advantage; a thing that is suitable, convenient, commodious. That which affords advantage or profit. 102 la. 608; 162 Mass. 113. In this sense the word is most commonly applied to things movable, the subjects of trade, merchandise. The word includes all the movables which are the object of commerce. 29 How. Pr. 492. "The word 'commodity* * * * is ordinarily used in the commercial sense of any movable and tangible thing that is ordinarily produced or used as the subject of barter or sale." 86 Tex. 265. ience of carrying. on a particular business, and thus to include a franchise. "Commodity" (as in a constitution giving power to tax goods, wares, merchandise and commodities) is a general term, and includes the privilege and convenience of transacting a particular business. 123 Mass. 495; 162 Mass. 121. COMMODUM EX INJURIA SUA NON habere debet. No man ought to derive any benefit of his own wrong. Jenk. Cent. Cas. 161; Finch, Law, bk. 1, c. 3, note 62.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Commodity is a broader term than merchandise, and may mean almost any description of article called mova- Labor is not a commodity; Rohlf ▼. Kasemeier, 140 la. 182, 118 N. W. 270, 23 L. R. A (N. S.) 1285.