Definitions for "Universal Service Fund"
A federal program adopted by the Federal Communications Commission (FCC) that helps provide affordable telecommunications services for low-income customers and customers in rural areas. It also provides discounts on Internet access for eligible schools, libraries and rural health care providers. Telecommunications carriers are required to pay into this federal program.
see Federal Universal Service Fund.
The fund that provides discounts to telecommunications carriers for delivering affordable telecommunications services to high-cost customers, libraries, low-income consumers, rural health care providers, and schools, both public and private. It is generated through collections by all telecommunications carriers (both local and long distance) and its size is determined by the FCC.