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revolving fund

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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.
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Origin of revolving fund

First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for revolving fund

revolving fund

noun
  1. a fund set up for a specific purpose and constantly added to by income from its investments
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012