utility

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Related to usefulness: deteriorating, coy, inadvertently, lingering

Utility

A power company that owns or operates facilities used for the generation, transmission, or distribution of electric energy, which is regulated at state and federal levels.

Utility

1. In economics, the level satisfaction the person derives from a good or service. Utility is inherently subjective and thus difficult to measure, but it is important in determining how much supply of a product the market can handle without diminishing demand. Historically, it has been thought that one can quantify the utility of each unit, but some economists disagree with this. See also: Austrian school, Law of Diminishing Marginal Utility.

2. A company that provides electricity, water, or gas to customers. These companies are subject to a number of regulations at the local and national levels. They borrow more than most other companies; thus, a decline in utility stocks is often seen as an indicator of a coming rise in interest rates. See also: Dow Jones Utility Average - DJUA.

utility

A business that provides an essential service, generally under government regulation. Electric companies, gas transmission firms, and local telephone companies are utilities.

utility

  1. the satisfaction or pleasure that an individual derives from the CONSUMPTION of a GOOD or SERVICE. See UTIL, CARDINAL UTILITY, ORDINAL UTILITY, MARGINAL UTILITY, TOTAL UTILITY, UTILITY FUNCTION, DIMINISHING MARGINAL UTILITY.
  2. see PUBLIC UTILITY.
References in classic literature ?
My Dear Sir,--Having consented to preside at the forthcoming Annual Dinner of the Family Party Fund, and feeling deeply impressed with the immense usefulness of that noble Institution and the great importance of its being supported by a List of Stewards that shall prove to the public the interest taken in it by popular and distinguished men, I have undertaken to ask you to become a Steward on that occasion.
Codlin an't without his usefulness,' observed Short with an arch look, 'but he don't always keep his eyes open.
Through this assessment, the evaluation also intends to reflect and draw evidence to improve their internal processes and quality control mechanisms by examining the relationships between the implementation of the WHO publication policies and the other outcome measures (reach, usefulness and use).
I AM saddened and ashamed to be part of a race that decides who lives and who dies depending on its usefulness to mankind.
It is with regret that the judicial commission has concluded the minister's usefulness has been seriously impaired and he has, in part by his own actions, placed himself in a position where it is impossible for him to satisfactorily discharge the duties of his charge.
The usefulness of "The Gazette", the second oldest existing daily newspaper in Egypt, has however varied down the years.
Analysis Provides Economic, Legal and Evidentiary Arguments to Show How Section 629 has Outlived its Usefulness
Research firm Forrester asked more than 4,500 consumers about their interactions with a variety of companies, gauging the usefulness, usability and enjoyability of those experiences.
The website has been recognised for its usefulness in new-vehicle shopping for a second consecutive time.
The concept of usefulness had now not only replaced stewardship but had become well entrenched in the authoritative literature.
The Lord Jesus, with His divine insight, is dedicated to transforming lives that seem beyond redemption and usefulness.
This report discusses (1) the ways that selected jurisdictions covered under Section 203 of the Voting Rights Act have provided bilingual voting assistance as of the November 2006 general election and any subsequent elections through June 2007, and the challenges they reportedly faced in providing such assistance; and (2) the perceived usefulness of this bilingual voting assistance, and the extent to which the selected jurisdictions evaluated the usefulness of such assistance to language minority voters.