See Also: Facility(money)
Either-or facility(finance)
facility(dictionary)
facility(dictionary)
Either-or facility(money)
Swingline facility(finance)
qualifying facility(medicine)
Swingline facility(money)
Uncommitted facility(finance)
Note issuance facility (NIF)(money)

facility (iou)



facility noun. LME.
[French facilite or Latin facilitas, from facilis: see FACILE, -ITY.]
Gentleness, lightness. Only in LME.
a. Unimpeded opportunity. Now also, an amenity or service which enables something to be done. E16.
Guardian The bank should..consider extending this survival facility to students' parents. Times Educational Supplement An edit facility so that the pupils can..correct their work if they wish.
b. In pl. Favourable conditions for the easy or easier performance of something, esp. the physical means or equipment required in order to do something. E19.
C. Francis Calcutta had few facilities..no wharves, pontoons or landing stages. W. Trevor There were full toilet and washing facilities.
The fact or condition of being easy or easily done; freedom from difficulty. M16.
Burke The facility with which government has been overturned in France.
Aptitude, dexterity; ease or readiness of speech, action, etc. M16.
N. West The pleasures he received..had decreased as his facility had increased.
b. Fluency of style. L16.
Courtesy, affability. M16-L18.
Pliancy, readiness to be led or persuaded. arch. exc. Scots Law. M16.
Ease, indolence. Now rare or obsolete. E17.