revolving fund

American  

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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revolving fund British  

noun

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

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Etymology

Origin of revolving fund

First recorded in 1925–30

Example Sentences

Under the pilot, Hawaiian engineering students from families with low incomes can borrow from a $2.5-million revolving fund underwritten by the Castle Foundation and other donors.

From Los Angeles Times • Jun. 13, 2025

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

From Seattle Times • Feb. 28, 2022

The Obama administration rolled out a Cybersecurity National Action Plan that sought $300 million in a revolving fund to replace legacy systems across the federal government.

From Washington Post • Apr. 15, 2019

Of the $200 billion in federal funds, $10 billion would be allocated to establish a federal capital revolving fund for investment in buildings and other property.

From Reuters • Mar. 11, 2019

Washington appropriated a revolving fund beginning with $1,050,000 and eventually reaching $3,000,000 to create a state Reclamation Service.

From A Stake in the Land by Speek, Peter A. (Peter Alexander)