facility Meaning in Cambridge Business English Dictionary
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Meaning of "facility" - Business English Dictionary

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facility

noun
 
 
/fəˈsɪləti/
facilities [plural] equipment, rooms, etc. that are provided for people to use: The community center has some of the newest equipment and best facilities in town. Are non-members allowed to use the facilities? recreational/sports/leisure facilities bathroom/washing/toilet 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.
(Definition of facility from the Cambridge Business English Dictionary © Cambridge University Press)
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