revolving fund


noun

any loan fund intended to be maintained by the repayment of past loans.
a U.S. government fund, with loans and repayments equalized, used to aid businesses affecting the public interest, as public utilities.

Origin of revolving fund

First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for revolving fund

revolving fund


noun

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