Usually means: Percentage of capacity being used.
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We found 5 dictionaries that define the word utilization rate:

General (2 matching dictionaries)
  1. utilization rate: Wiktionary
  2. Utilization rate: Wikipedia, the Free Encyclopedia

Business (2 matching dictionaries)
  1. Travel Industry Dictionary (No longer online)
  2. eyefortransport e-commerce transportation glossary (No longer online)

Computing (1 matching dictionary)
  1. utilization rate: Encyclopedia

Definitions from Wiktionary (utilization rate)

noun:  (management, operations) The percentage of the capacity of a device or system that is used productively.

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