Define: Bank Facility

UK Accounting Glossary

Definition: Bank Facility


Quick Summary of Bank Facility


An arrangement with a bank to borrow money as required up to an agreed limit.



What is the dictionary definition of Bank Facility?

Dictionary Definition


An arrangement with a bank allowing a company or organisation to borrow money up to a certain amount.


Advertisement



Synonyms For Bank Facility


bank credit


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/bank-facility/
Modern Language Association (MLA):
Bank Facility. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 24, 2020 https://payrollheaven.com/define/bank-facility/.
Chicago Manual of Style (CMS):
Bank Facility. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/bank-facility/ (accessed: February 24, 2020).
American Psychological Association (APA):
Bank Facility. PayrollHeaven.com. Retrieved February 24, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/bank-facility/

Definition Sources


Definitions for Bank Facility are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.