Utility

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Revision as of 15:29, 4 August 2018 by Doug Williamson (Talk | contribs) (Add 3rd definition. Source: The Treasurer, Aug 2018, p24.)

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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