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

Halo Top did not own its own factory and had to refine its recipe to avoid blowing up the production pipes in its contractor’s facility because the original formulation was too thick. Los Angeles Times, "Halo Top ice cream company is sold to Blue Bunny’s owner," 17 Sep. 2019 In 2016, State established its own facility, the Canine Validation Center in Winchester, Va., staffed by contractors, the report said. oregonlive, "U.S. officials knew bomb-sniffing dogs were dying from neglect in Jordan. They sent more.," 16 Sep. 2019 However, Saudi Aramco has not responded publicly to questions about its facilities. Washington Post, "US blames Iran for Saudi strike; big hit for oil prices," 16 Sep. 2019 Since then, the kingdom has faced sporadic cyberattacks on its oil facilities. Robin Wright, The New Yorker, "In Saudi Arabia, World Oil Supplies Are in Flames," 16 Sep. 2019 Some of our facilities, take football for example, are phenomenal. Evan Dudley, al, "UAB Athletic Director Mark Ingram talks komodo dragons, new stadium and more," 16 Sep. 2019 In the future Civica Rx hopes to set up its own manufacturing facilities in America and to add more than 100 drugs to its portfolio. The Economist, "A dire scarcity of drugs is worsening, in part, because they are so cheap," 14 Sep. 2019 So when the Sixers unveiled a new statue honoring Charles Barkley outside their practice facility on Friday, you couldn’t be blamed for holding your breath when the sheet came off. Dan Gartland, SI.com, "Charles Barkley Thinks His New Statue Is Too Skinny," 13 Sep. 2019 But the bureau makes that determination based on a number of factors, including available bed space in its different facilities, Levine said. Martha Ross, The Mercury News, "Why Felicity Huffman’s 14-day sentence is ‘bad news’ for Lori Loughlin," 13 Sep. 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

5 Oct 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

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