a fund set up for a specific purpose and constantly added to by income from its investments
revolving fund in American English
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
Word origin
[1925–30]This word is first recorded in the period 1925–30. Other words that entered Englishat around the same time include: Nazi, buildup, payload, reflex camera, runout
Examples of 'revolving fund' in a sentence
revolving fund
Other incomes accrue from tourism revenue sharing schemes, a community revolving fund, and payments for carbon sequestration.
Paul Vedeld, Connor Cavanagh, Jon Geir Petursson, Charlotte Nakakaawa, Ricarda Moll,Espen Sjaastad 2016, 'The Political Economy of Conservation at Mount Elgon, Uganda: Between Local Deprivation,Regional Sustainability, and Global Public Goods', Conservation & Societyhttp://www.conservationandsociety.org/article.asp?issn=0972-4923;year=2016;volume=14;issue=3;spage=183;epage=194;aulast=Vedeld. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)