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.

Full Definition of Bank Facility

Bank Facility FAQ's

What is a bank facility fee?

fee that a borrower pays to a lender in exchange for a loan.

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
Modern Language Association (MLA):
Bank Facility. Payroll & Accounting Heaven Ltd. July 17, 2019
Chicago Manual of Style (CMS):
Bank Facility. Payroll & Accounting Heaven Ltd. (accessed: July 17, 2019).
American Psychological Association (APA):
Bank Facility. Retrieved July 17, 2019, from website:

Definition Sources

Definitions for Bank Facility are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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