Legal Definition
In a legal context, 'utility' refers to the right or power to use a specific resource, property, or service, often defined by contractual obligations or statutory authority. It denotes the benefit derived from an asset or service, which can be tangible (like energy) or intangible (like a legal right).
Plain-English Translation
Imagine 'utility' as the right to use something important, like the right to use electricity or the right to use a specific piece of land. In law, it means defining what is useful or valuable under a rule or contract.