Bank Facility

Business, Legal & 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.


Synonyms For Bank Facility


bank credit

Cite Term


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https://payrollheaven.com/define/bank-facility/
Modern Language Association (MLA):
Bank Facility. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 02, 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: December 02, 2020).
American Psychological Association (APA):
Bank Facility. PayrollHeaven.com. Retrieved December 02, 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)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020 | 58 Views.