Utility

1.

An economic measure of satisfaction gained from consumption of goods or services.

Sometimes quantified in 'utils'.

2.

A firm providing necessity goods and services, such as water supplies.

3. Financial institutions - know your customer (KYC).

A KYC utility.

See also

• Beta
• Diminishing marginal utility
• Indifference curves
• KYC utility
• Marginal utility