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TeachMeFinance.com - explain common item common item 'common item' is an military term. It means '(DOD) 4. Readily available commercial items'. Previous 5 Terms: commodity manager _ common infrastructure- common item - common item common item Next 5 Terms: common item _ common item- common operating environment - common operational picture common servicing Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.