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

The organization Historic Seattle was founded in 1974 and celebrated its silver anniversary in 1999 with a gala at the newly restored Union Station and establishment of a Save the Buildings revolving fund.

From Seattle Times

In some cases, repaid loans can then be reinvested to finance other projects later down the line as a “revolving fund.”

From Washington Post

This will be funded with a one-time infusion of $300 million to create a revolving fund.

From Seattle Times

According to Tharman, Paxico is pursuing a loan from the Kansas Department of Health and Environment’s state revolving fund to pay for the project.

From Washington Times

Additionally, $5 million will be used to establish a revolving fund for smaller nonprofit organizations that operate through grant programs and require federal reimbursement.

From Seattle Times