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.


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Full Definition of Bank Facility



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Bank Facility FAQ's


What is a bank facility fee?

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


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https://payrollheaven.com/define/bank-facility/
Modern Language Association (MLA):
Bank Facility. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 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: November 22, 2019).
American Psychological Association (APA):
Bank Facility. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/bank-facility/

Definition Sources


Definitions for Bank Facility are sourced/syndicated 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.