Commercial item

Commercial item,

Definition of Commercial item:

  1. Item not yet commercially available (because it is evolving through advances in performance or technology) but will be available in time to satisfy the requirements of a contract.

  2. Good or service (but not real estate) sold or traded in the normal course of a firms business; or customarily used by the general public or offered to it for lease, license, or sale. See also standard Item.

Meaning of Commercial item & Commercial item Definition