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 pluralfacilities 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 Three years ago, Alabama’s football facility was a hive of activity on National Signing Day. Mike Rodak | Mrodak@al.com, al, "What Nick Saban thinks about new recruiting calendar," 6 Feb. 2020 The facility will have security guards on site, as well as showers and storage for people’s belongings. Heather Knight, SFChronicle.com, "Sobering center for meth users to land in Tenderloin as epidemic devastates SF streets," 6 Feb. 2020 However, these new facilities are unlikely to slow the local spread of the virus. Popular Science, "Wuhan’s new hospitals are sorely needed, but they won’t stop the spread of disease," 4 Feb. 2020 If a facility is doing lots of sample testing, there's going to be no shortage of 2019-nCoV DNA around, both from the samples and from the previous PCR reactions. John Timmer, Ars Technica, "How do we test for coronavirus, anyway?," 3 Feb. 2020 The facility’s most striking feature was its south-facing wall of glass. David Reamer, Anchorage Daily News, "The Spa unified a generation in Anchorage. Here’s what happened to it.," 2 Feb. 2020 The Mavericks’ Lympo practice facility was far more quiet than usual. Dallas News, "Potential ramifications of Luka Doncic’s ankle injury, including his now questionable All-Star Game status," 31 Jan. 2020 The facility, located on Tomball High School’s campus, is open to the children and grandchildren of full-time TISD employees for children ages 2 to 5. Paul Wedding, Houston Chronicle, "Early Excellence Academy helps children of Tomball ISD staff," 24 Jan. 2020 The facilities are all located in populated areas, and the one furthest west is in Roanoke, according to the department. Washington Post, "Advocates want to make Virginia an abortion ‘safe haven’," 23 Jan. 2020

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

Time Traveler for facility

Time Traveler

The first known use of facility was in 1531

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Statistics for facility

Last Updated

9 Feb 2020

Cite this Entry

“Facility.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/facility?pronunciation&lang=en_us&dir=f&file=facili06. Accessed 17 Feb. 2020.

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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
How to pronounce facility (audio)

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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Comments on facility

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