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

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.

From Seattle Times

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

From Washington Post

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

From Seattle Times

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.

From Washington Times