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

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