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 story revolves around a young girl named Amy Bellafonte (Saniyya Sidney) after she is chosen to be a test subject for Project NOAH, a secret medical facility where scientists are experimenting with a dangerous virus. Kayla Keegan, Good Housekeeping, "Here’s How to Watch ‘The Passage,’ the New Fox Show Everyone’s Talking About," 21 Jan. 2019 Her Colorado growing facilities bring in more than $10 million a year. Amanda Duarte, Town & Country, "An Etiquette Guide for the New Pot Elite," 14 Jan. 2019 Much of the work on the military contract is expected to be done in Fort Worth, while other portions of it will be done at Bell and Boeing facilities in other cities. Gordon Dickson, star-telegram, "Bell just got a big military aircraft contract. Will Fort Worth get any new jobs?," 12 July 2018 The plaintiffs believe the seed was switched out for an inferior seed at a facility in Mississippi, according to the paper. Scott Berson, charlotteobserver, "Black farmers were sold ‘weaponized’ seed, and racism may be to blame, lawsuit says," 11 July 2018 With the new infrastructure, Turrell has already sketched plans for welcoming the wider public, imagining a museum and orientation facility, lodges to rent along the crater rim, even a restaurant serving food from cookbook author Deborah Madison. Jay Cheshes, WSJ, "James Turrell’s New Masterpiece in the Desert," 14 Jan. 2019 In the last decade, as the rapid growth of e-commerce has created a seemingly insatiable demand for logistics facilities, this portion of Southern California has become one of the nation’s largest hubs for warehouses. Patrick Sisson, Curbed, "Your online shopping is polluting this small town," 20 Nov. 2018 The rest went to prepping a facility in Hanford, California, for production of the FF91, which was originally scheduled for the end of 2018, as well as to finance the pricey day-to-day operations. Sean O'kane, The Verge, "Faraday Future employees sue investor over ‘conspiracy’ to destroy the EV startup," 14 Nov. 2018 For months, North Korea has demanded the U.S. ease sanctions, claiming to have dismantled some of its nuclear facilities. Andrew Jeong, WSJ, "North Korean Leader’s Beijing Visit Underscores China’s Pivotal Role," 8 Jan. 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

9 Feb 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 \
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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