possessionutility
nounUK /pəˈzɛʃən juːˈtɪlɪti/
US /pəˈzɛʃən juˈtɪləti/
A possessionutility is how useful a thing you own is to you.
The possessionutility of her old bike went up when she started riding it to school every day.
OTHER MEANINGS
2. The satisfaction a person gets from owning and using a particular item.
He felt high possessionutility from his grandfather's watch because it reminded him of family.
3. The practical worth of an owned object measured by how much it helps its owner.
A ladder has little possessionutility for someone in a small apartment.
4. The combined idea of owning something and getting real use out of it.
The course taught how possessionutility affects what people choose to buy and keep.