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TeachMeFinance.com - explain universal service universal service The term 'universal service' as it applies to the area of telecommunications can be defined as 'The financial mechanism which helps compensate telephone companies or other communications entities for providing access to telecommunications services at reasonable and affordable rates throughout the country, including rural, insular and high costs areas, and to public institutions. Companies, not consumers, are required by law to contribute to this fund. The law does not prohibit companies from passing this charge on to customers'. Previous 5 Terms: United States Global Change Research Program (USGCRP) United States Grain Standards Act (USGSA) of 1916 United States Trade Representative (USTR) United States-Canada Free Trade Agreement Implementation Act of 1988 Universal Geographic Code Next 5 Terms: Universal soil loss equation Universal Time (UT) Unlisted items Unload-reload cycle unnecessary information About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.