timeutility
nounUK /ˈtaɪm juːˌtɪlɪti/
US /ˈtaɪm juːˌtɪləti/
Time utility means something is more useful because it is available at the right time.
The store creates time utility by selling umbrellas right when it starts to rain.
OTHER MEANINGS
2. The extra satisfaction people get from being able to use a product at the moment they need it.
Fresh bread has time utility when it is baked just before breakfast.
3. A business idea that focuses on making goods or services available at the best moment for customers.
The delivery company's time utility plan promises same-day shipping.
4. In economics, the value added to a product by storing or timing its release.
Farmers gain time utility by storing grain and selling it in winter.