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

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.

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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.

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

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

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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.

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