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facility

 - 5 dictionary results

fa⋅cil⋅i⋅ty

  [fuh-sil-i-tee]
Use facility in a Sentence
–noun, plural -ties.
1. Often, facilities.
a. something designed, built, installed, etc., to serve a specific function affording a convenience or service: transportation facilities; educational facilities; a new research facility.
b. something that permits the easier performance of an action, course of conduct, etc.: to provide someone with every facility for accomplishing a task; to lack facilities for handling bulk mail.
2. readiness or ease due to skill, aptitude, or practice; dexterity: to compose with great facility.
3. ready compliance: Her facility in organizing and directing made her an excellent supervisor.
4. an easy-flowing manner: facility of style.
5. the quality of being easily or conveniently done or performed.
6. Often, facilities. Informal. a rest room, esp. one for use by the public, as in a theater or restaurant.
7. freedom from difficulty, controversy, misunderstanding, etc.: facility of understanding.
Origin:
1375–1425; late ME facilite (< MF) < L facilitās. See facile, -ity
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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fa·cil·i·ty   (fə-sĭl'ĭ-tē)   
n.   pl. fa·cil·i·ties

  1. Ease in moving, acting, or doing; aptitude: "an extreme facility in acquiring new dialects" (W.H. Hudson).

  2. Readiness to be persuaded; pliability.

  3. Something that facilitates an action or process. Often used in the plural. See Synonyms at amenity.

  4. Something created to serve a particular function: hospitals and other health care facilities.

  5. facilities Informal A restroom.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

facility 
c.1425, from M.Fr. facilité, from L. facilitatem, from facilis "easy" (see facile). Its sense in Eng. moved from "genteelness" to "opportunity" (1519), to "aptitude, ease" (1532). Meaning "place for doing something," which makes the word so beloved of journalists and fuzzy writers, first recorded 1872.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Facility

A term used to describe financial assistance programs offered by lending institutions to help companies requiring capital

Investopedia Commentary

These financial assistance programs are merely another name for loans taken by companies. Examples of such facilities include swingline loans and lines of credits. Oftentimes you will hear of companies obtaining different credit facilities, as they can vary between committed or uncommitted.

Related Links

What Is A Corporate Credit Rating?

See also: Committed Facility, Line of Credit, Swingline Loan, Uncommitted Facility

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Medical Dictionary

Main Entry: fa·cil·i·ty
Pronunciation: f&-'sil-&t-E
Function: noun
Inflected Form: plural -ties
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
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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