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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
“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


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Word History and Origins

Origin of revolving fund1

First recorded in 1925–30
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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.

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