revolving fund

noun

1. any loan fund intended to be maintained by the repayment of past loans.
2. a U.S. government fund, with loans and repayments equalized, used to aid businesses affecting the public interest, as public utilities.

revolving fund

noun

1. a fund set up for a specific purpose and constantly added to by income from its investments

Word History and Origins

Origin of revolving fund¹

First recorded in 1925–30

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