electric

Definition 1

A type of energy that occurs due to the movement of electrons and protons in an oscillating pattern. Electricity is a source of power that is often used to provide light, heat buildings, or power on devices such as computers.

Definition 2

A colloquial term in business that can be used to positively describe an individual's or an object's results as being quick, powerful and efficient.

Definition 3

A utilities expense that a company or individual usually pays monthly. Monthly payments and rates may vary depending on where a company is located, how much electricity a company uses and how the electricity is generated. For example, an electric company would charge a certain rate for electric usage while some companies provide their own power generators that would allow a company to avoid using a city's electricity.