facility

noun
fa·​cil·​i·​ty | \fə-ˈsi-lə-tē \
plural facilities

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 studyThe resort has a wide range of facilities for young and old alike.

(2) : lavatory sense 2 often used in plural

b : something (such as a hospital) that is built, installed, or established to serve a particular purpose

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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.
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Recent Examples on the Web

The facility also accepts contaminants such as arsenic, lead, zinc, cadmium and other metals. Keith Ridler, The Seattle Times, "Monitors check for radiation release after waste site blast," 20 Nov. 2018 The facility is one of only two in Russia capable of holding ships as large as Kuznetsov and Moscow’s remaining Kirov-class battlecruisers. Kyle Mizokami, Popular Mechanics, "Russia’s Hard-Luck Carrier Damaged in Shipyard Accident," 30 Oct. 2018 The facility accommodates some 400 visiting researchers per year and another 2,000 off-site; the archivists have also worked with several other prominent families to help organize their papers. William Middleton, Town & Country, "From Gates to Rockefeller, Wealthy Families Hire Personal Historians to Preserve Their Legacy," 26 Oct. 2018 Getty ImagesChris Jackson The facilities are more like a hotel than a hospital, with fresh food prepared on site (including afternoon tea), wine and champagne available on request, and amenities like satellite television and wi-fi. Megan Friedman, Marie Claire, "The Ultimate Guide to the Royal Family," 5 Oct. 2018 The owners of the distillery released a statement on Facebook saying that the agent had violated the facility's rules by carrying a loaded firearm into the tasting room. Samuel Chamberlain, Fox News, "FBI agent who accidentally fired gun while dancing charged with assault," 2 Oct. 2018 The $200 million reconstruction project reanimated the gigantic warehouse facility. Patrick Sisson, Curbed, "Memphis downtown boom fueled by riverfront city’s rich history," 25 Sep. 2018 The facility is located at 50W112 Old State Road in Virgil Township. Linda Girardi, Aurora Beacon-News, "Morton Grove race car driver killed in Sycamore Speedway crash," 14 July 2018 The facility would be connected to more than 500 miles of pipelines from the Permian Basin in West Texas to the Gulf Coast. Rye Druzin, Houston Chronicle, "$550 million Texas natural gas project gets tax abatements from Nueces County," 13 July 2018

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.

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First Known Use of facility

1531, in the meaning defined at sense 1

History and Etymology for facility

Middle English facilite "gentleness," borrowed from Middle French & Latin; Middle French facilité "quality of being easily performed," borrowed from Latin facilitāt-, facilitās, from facilis "easy, facile" + -itāt-, -itās -ity

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Learn More about facility

Statistics for facility

Last Updated

30 Nov 2018

Look-up Popularity

Time Traveler for facility

The first known use of facility was in 1531

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More Definitions for facility

facility

noun

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.

Source: Investing Answers

facility

noun

English Language Learners Definition of facility

: 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

noun
fa·​cil·​i·​ty | \fə-ˈsi-lə-tē \
plural facilities

Kids Definition of facility

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.

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facility

noun
fa·​cil·​i·​ty | \fə-ˈsil-ət-ē \
plural facilities

Medical Definition of facility 

1 : the quality of being easily performed

2 : ease in performance : aptitude

3 : something (as a hospital) that is built, installed, or established to serve a particular purpose

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More from Merriam-Webster on facility

Rhyming Dictionary: Words that rhyme with facility

Thesaurus: All synonyms and antonyms for facility

Spanish Central: Translation of facility

Nglish: Translation of facility for Spanish Speakers

Britannica English: Translation of facility for Arabic Speakers

Comments on facility

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