revolving fund
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Related to revolving fund: Petty Cash Fund
revolving fund
n.
A fund whose income or repayments can be used to finance its continuing operations from year to year, usually established by a government or nonprofit organization to provide discounted loans.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
revolving fund
n
(Banking & Finance) a fund set up for a specific purpose and constantly added to by income from its investments
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
revolving fund
A fund established to finance a cycle of operations to which reimbursements and collections are returned for reuse in a manner such as will maintain the principal of the fund, e.g., working capital funds, industrial funds, and loan funds.
Dictionary of Military and Associated Terms. US Department of Defense 2005.
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| Noun | 1. | revolving fund - a fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly fund, monetary fund - a reserve of money set aside for some purpose |
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