put into service; make work or employ for a particular purpose or for its inherent or natural purpose, convert (from an investment trust to a unit trust), American Alternative spelling of utilis, transitive To make useful; to turn to profitable account or use; to make use of, To put to use, especially to make profitable or effective use of

The act of utilizing or turning to account, or the state of being utilized. Also spelled utilisation, American Alternative spelling of utilisation, the state of having been made use of