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TeachMeFinance.com - explain facility facility 'facility' is an military term meaning '(DOD) A real property entity consisting of one or more of the following: a building, a structure, a utility system, pavement, and underlying land. See also air facility'. Previous 5 Terms: extent of damage- external audience - external reinforcing force external support contract fabricator_ Next 5 Terms: facility substitutes- fairway - fallout contours fallout pattern fallout prediction_ Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.