credit facility

noun

A financial agreement under which a creditor agrees to make an amount of credit available to a borrower, which may be borrowed on demand (a line of credit) or once certain conditions have been met.

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Meanings

nouncredit facility (plural credit facilities)

plural credit facilities

  1. bankingA financial agreement under which a creditor agrees to make an amount of credit available to a borrower, which may be borrowed on demand (a line of credit) or once certain conditions have been met.

Origin

From credit + facility.

Full word history & related roots →
Cite this entry
APA

credit facility. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/credit%20facility

MLA

“credit facility.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/credit%20facility. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “credit facility,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/credit%20facility.

Source: credit facility on Wiktionary, CC BY-SA 4.0.