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revolving fund
noun
- any loan fund intended to be maintained by the repayment of past loans.
- a U.S. government fund, with loans and repayments equalized, used to aid businesses affecting the public interest, as public utilities.
revolving fund
noun
- a fund set up for a specific purpose and constantly added to by income from its investments
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Word History and Origins
Origin of revolving fund1
First recorded in 1925–30
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Example Sentences
“Not only will states have discretion over revolving funds and highway dollars, but there’s a big question of what they choose to fund,” says Adie Tomer, a senior metropolitan policy fellow at the Brookings Institution.
From Vox
This creates a revolving fund to be used over and over again.
From Project Gutenberg
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