Utility

The ability to give satisfactionDischarge of a mortgage or trust deed from the records upon payment of the debt. and/or excite desire for possession. An element of valueThe terms "full value", "full cash value", "cash value", "actual value" and "fair market value" mean.

Utility

The usefulness of a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself.; its ability to satisfactorily function for the purpose for which it was intended.