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Commodity

Definition:

A commodity is food, metal, or another fixed physical substance that investors buy or sell, usually via futures contracts.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Breaking the syndicate

Terminating an agreement among underwriters, specifically the investment banking group assembled to underwrite the issue of a security.

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