utility

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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 periodicals archive ?
. Miscarriage: The use of this grass is very useful. It also gives strength and nutrition to uterus.
A majority of urban (71 per cent) and rural (65 per cent) respondents agreed that sending and receiving money through mobile money agents is a useful innovation within financial services.
Useful has six team members and has doubled its customer base over the last two months.
2) Electric steam steriliser kit Of those surveyed, 62 per cent of parents found an electric steam steriliser kit very useful. Using one of these can be a quick and easy way to sterilise your baby's bottles and cost around PS30 to PS100.
The application of time-series analysis and filters is a very useful exercise for practitioners.
The question is, what is the internet "very useful" for?
The Manufacturer's in-depth survey of senior managers in 428 companies across the UK revealed that 94% of those who had contacted EEF found its advice and information useful, while 42% said EEF was "very useful".
The book does an admirable job of covering the basics of crisis planning, including the development of business continuity and crisis communication plans and giving practical, useful steps for readers to be able to successfully create both.
Potentially resolving a long-standing dispute about whether "substantially beyond the end of the taxable year" is synonymous with an asset's having a useful life of more than 12 months, (8) the proposed regulations adopt a 12-month rule applicable to the costs of acquiring many types of tangible personal property.
A fine collection, useful for students to use on their own or for teachers in class.
Fortunately a number of useful studies of distance education in general, and IVC in particular, were available to inform the present evaluation.