Definition of facility
1 : the quality of being easily performed
2 : ease in performance : aptitude has a great facility for writing
3 : readiness of compliance
4a (1) : something that makes an action, operation, or course of conduct easier —usually used in plural facilities for study The resort has a wide range of facilities for young and old alike. (2) : lavatory 2 —often used in pluralb : something (such as a hospital) that is built, installed, or established to serve a particular purpose
Examples of facility in a Sentence
The facilities are at the end of the corridor.
He had a great facility for writing.
He had great facility with words.
She handled the crisis with facility.
Recent Examples of facility from the Web
The stretch of highway is immediately west of District 28's Northbrook Junior High and Meadowbrook schools, as well as Northbrook Park District facilities.
Mr. Fontein also oversaw the renovation of the museum’s storage facilities as well as 26 galleries devoted to the Asian art collection, one of the most extensive in the world.
The extra supervision is needed because the facility is open seven days a week with very few holidays throughout the year, Miller said.
Touted as an exotic festival with the promise of supermodels, haute cuisine, and wall-to-wall excess, guests instead arrived to a lack of facilities, sparse lighting, inadequate housing, and lots of cheese sandwiches.
The Health Department has been monitoring the facility daily since residents started moving out.
The facility will also include a cafe where students, staff and visitors can try out the new creations, Gallagher said.
Twelve years ago, Rebecca Richards-Kortum took a weeklong research trip to Malawi to see local hospitals and medical facilities.
An employee in the ticket office at the park on Monday, the day the health department shut the park down, said the facility would be closed for three days to a week.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'facility'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of FACILITY
What It Is
A facility is essentially a bank loan agreement that a company can use on and off for short-term borrowing purposes.
How It Works
For example, let’s assume Company XYZ is a jewelry manufacturer. The company is typically flush with cash in July when retailers place their orders for the upcoming Christmas season. The company is typically tight on cash in December, when orders are lower and it is buying supplies to manufacture the coming year’s designs.
This ebb and flow of cash can ruin a company if it doesn’t have access to a facility. If Company XYZ gets, say, a $2 million facility from the bank, it can borrow up to $2 million (and not necessarily all at the same time) to “get by” in December and then repay that cash six months later in July when it is flush with cash again.
Bank facilities can be overdraft facilities, which provide short-term loans to companies only when their cash accounts actually run dry, or credit facilities, which provide short-term loans to companies when they need supplemental cash for various purposes. Banks might also provide letter of credit facilities or even term loan facilities.
Facilities typically are for limited amounts and don’t require collateral. Often, they come about as part of an equity offering or other financial event that a company may undertake. The terms vary widely, but in most cases, the bank requires repayments monthly or quarterly, in addition to interest, though often companies can “term out” a facility, meaning they can negotiate a longer repayment period with the lender for some larger balances.
Why It Matters
The purpose of most bank facilities is to ensure that a company has access to cash at all times, and they can be particularly important for companies with seasonal sales cycles or other situations in which cash balances are particularly low at times. This prevents the company from having to lay off workers, reduce growth or shut the doors when cash is temporarily low.
FACILITY Defined for English Language Learners
Definition of facility for English Language Learners
: something (such as a building or large piece of equipment) that is built for a specific purpose
: something that makes an action, operation, or activity easier
: skill and ease in doing something
FACILITY Defined for Kids
Definition of facility for Students
1 : something built for a particular purpose a sports facility
2 : something that makes an action, operation, or activity easier Our hotel room had cooking facilities.
3 : ease in doing something She handled the job with facility.
Seen and Heard
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