facility


facility
facility fa‧cil‧i‧ty [fəˈsɪlti] noun facilities PLURALFORM
1. facilities [plural] PROPERTY special buildings or equipment that have been provided for a particular use, such as sports activities, shopping or travelling:

• The hotel's leisure facilities include a large indoor pool, sauna and sun terrace.

• modern health-care facilities

2. [countable] MANUFACTURING a place or large building that is used to make or provide a particular product or service; = PLANT:

• Torness Harbour has the best permanent docking facility on Scotland's south-east coast.

3. [countable] BANKING FINANCE an arrangement made by a bank for its customers which lets them use the services the bank offers. These services would include, for example, borrowing or investing money:

• MIT has put in place a £20 million loan facility for investment in European bonds.

• The company has now secured newcredit facilities to finance the purchase of the oilfield.

ˈcredit faˌcility
FINANCE BANKING an arrangement that allows a company or person to borrow an agreed amount of money for a particular period of time:

• Fortunately, we were able to secure a short-term credit facility with our existing bank.

ˈnote ˌissuance faˌcility abbreviation NIF
FINANCE BANKING an arrangement that allows a company to borrow money a number of times over a period of time without going through the usual formal arrangements each time:

• A note issuance facility is a medium-term commitment between a borrowing corporate and a bank.

4. [countable] COMPUTING a special feature of a piece of equipment that allows it to do certain useful things, in addition to the things the equipment normally does:

• IBM have urged businesses to increase their back-up facilities (= systems that can be used if the main one stops working ) .

* * *

facility UK US /fəˈsɪləti/ noun
facilities — Cf. facilities
[C] a building or area that is used for a particular activity or purpose: »

The company is building a $4m training facility in Oakland.

»

She works as a chaplain in a juvenile detention facility.

[C] FINANCE, BANKING an arrangement that lets someone borrow money from a bank or other financial institution for an agreed period of time or up to a particular amount: a borrowing/overdraft/credit facility »

Do you have an overdraft facility on your account?

»

The company has secured a $2m debt facility from another bank.

[C] a special feature on a machine, computer, piece of software, etc. that enables you to do something: »

Another useful facility of the software is an embedded dictionary.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Facility — Fa*cil i*ty (f[.a]*s[i^]l [i^]*t[y^]), n.; pl. {Facilities} (f[.a]*s[i^]l [i^]*t[i^]z). [L. facilitas, fr. facilis easy: cf. F. facilit[ e]. See {Facile}.] 1. The quality of being easily performed; freedom from difficulty; ease; as, the facility… …   The Collaborative International Dictionary of English

  • facility — facility, faculty 1. Facility (from Latin facilis meaning ‘easy’) means ‘ease or ready ability to do something, aptitude’: • Firstborn children have greater verbal facility, and there is evidence that they have more successful relationships with… …   Modern English usage

  • facility — I (easiness) noun ability, adeptness, adroitness, capability, competence, deftness, dexterity, ease, effortlessness, expertise, expertness, facilitas, flexibility, fluency, freedom from difficulty, grace, gracefulness, proficiency, quickness,… …   Law dictionary

  • facility — [n1] ease; ability address, adroitness, aptitude, bent, child’s play*, competence, dexterity, efficiency, effortlessness, expertness, fluency, knack, leaning, lightness, poise, proficiency, propensity, quickness, readiness, skill, skillfulness,… …   New thesaurus

  • facility — [fə sil′ə tē] n. pl. facilities [ME & OFr facilite < L facilitas, easiness < facilis, FACILE] 1. ease of doing or making; absence of difficulty 2. a ready ability; skill; dexterity; fluency 3. [usually pl.] the means by which something can… …   English World dictionary

  • facility — (n.) early 15c., gentleness, from M.Fr. facilité, from L. facilitatem (nom. facilitas) easiness, ease, fluency, willingness, from facilis easy (see FACILE (Cf. facile)). Its sense in English moved from genteelness to opportunity (1510s), to… …   Etymology dictionary

  • facility — ease, dexterity, *readiness Analogous words: spontaneity, *unconstraint, abandon: address, poise, *tact: lightness, effortlessness, smoothness (see corresponding adjectives at EASY) Contrasted words: ineptness, clumsiness, awkwardness,… …   New Dictionary of Synonyms

  • facility — ► NOUN (pl. facilities) 1) a building, service, or piece of equipment provided for a particular purpose. 2) a natural ability to do something well and easily …   English terms dictionary

  • facility — noun 1 (usually facilities) buildings/services/equipment ADJECTIVE ▪ excellent, first class, good ▪ adequate, appropriate, proper, suitable …   Collocations dictionary

  • facility — 01. Our neighborhood swimming pool is a wonderful [facility], with a wave pool, diving boards, a huge water slide and lots of equipment for small children to play on. 02. Construction has finally begun on athletic [facilities] for the next summer …   Grammatical examples in English


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