facility

noun
fa·​cil·​i·​ty | \ fə-ˈsi-lə-tē How to pronounce facility (audio) \
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

After touring the facilities Harry unveiled a plaque commemorating his visit which will go next to the one Diana unveiled. Victoria Murphy, Town & Country, "Prince Harry Followed in Princess Diana's Footsteps During His Visit to Oxford This Morning," 14 May 2019 The printing and finish of the gown took over 1,100 hours, and was printed in a facility in North Carolina. Rachel Epstein, Marie Claire, "Zac Posen Created Gorgeous 3D-Printed Dresses for the 2019 Met Gala," 7 May 2019 Britney has been in the mental facility since mid-January. Christopher Rosa, Glamour, "Here's Why Britney Spears Fans Are Posting #FreeBritney All Over Social Media," 23 Apr. 2019 The Centers of Disease Control and Prevention (CDC) reported that 93 illnesses have been linked to the strain of Salmonella at the Caito Foods facilities. Sophia Caraballo, Woman's Day, "Trader Joe's Is Recalling It's Cantaloupe Slices Due to Possible Salmonella Outbreak," 17 Apr. 2019 New York Police Department investigators are working to determine whether human remains found in a Staten Island storage facility Thursday are those of a missing teacher. Melanie Grayce West, WSJ, "NYPD Investigating Whether Body Found in Storage Facility Is Missing Teacher," 4 Apr. 2019 Someone with advanced cancer may receive oxygen in a facility like a hospital. Korin Miller, SELF, "How Does Cancer Actually Kill Someone?," 15 Mar. 2019 Larry Tipton, Lopes’ attorney, asked that he be released on cash bail on Thursday and be held in a mental health facility. Kathleen Joyce, Fox News, "Slain Massachusetts cop's widow confronts husband's accused killer with emotional outburst," 2 Oct. 2018 In her spare time, Meiler, who serves on the board of directors for the Vermont Senior Games, visits local exercise facilities to distribute fliers and spread the word about senior athletics. Jenny Mccoy, SELF, "Meet Flo Filion Meiler, the 84-Year-Old Track and Field Athlete With Over 775 Medals," 26 Apr. 2019

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

18 May 2019

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 How to pronounce facility (audio) \
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 How to pronounce facility (audio) \
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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