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What does utility mean?

Looking for the meaning or definition of the word utility? Here's what it means.

Noun
  1. The state or condition of being useful; usefulness.
  2. Something that is useful.
  3. (economics) The ability of a commodity to satisfy needs or wants; the satisfaction experienced by the consumer of that commodity.
  4. (philosophy) Well-being, satisfaction, pleasure, or happiness.
  5. (business, finance) A service provider, such as an electric company or water company; or, the securities of such a provider.
  6. (computing) A software program designed to perform a single task or a small range of tasks, often to help manage and tune computer hardware, an operating system or application software.
  7. (sports) The ability to play multiple positions.
Adjective
  1. Having to do with, or owned by, a service provider.
  2. Designating of a room in a house or building where mechanical equipment is installed; such as a furnace, water tank/heater, circuit breaker, and/or air conditioning unit; and often equipped with hookups for laundry equipment (washer/dryer).
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