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utilisation

/ˌjuːtɪlaɪˈzeɪʃən/

B1CEFR level
55/100Rarity: uncommon
TechnicalRegister

Law noun

The act of drawing down all or part of a facility by delivering a request that satisfies the applicable conditions.

Each utilisation must be requested by a notice delivered no later than three business days beforehand.

Similar: drawdown, advance

Topic: Banking & finance law in Legal English

Business noun

The proportion of a consultant's available time that is billed to clients, a core profitability metric.

Utilisation slipped this quarter because two proposals didn't convert.

Similar: chargeability

Topic: Consulting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Banking & finance law