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revolving fund

 - 2 dictionary results

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.

Origin:
1925–30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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revolving fund  
n.  A fund established for a certain purpose, such as making loans, with the stipulation that repayments to the fund may be used anew for the same purpose.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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