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Revolving fund   /rivˈɑlvɪŋ fənd/   Listen
Revolving fund

noun
1.
A fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly.





WordNet 3.0 © 2010 Princeton University


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"Revolving fund" Quotes from Famous Books



... to be irrigated and in those new regions of agricultural productivity homes were to be established. The money so expended was to be repaid in due course by the settlers on the land and the sums repaid were to be used as a revolving fund for the continuous prosecution of the reclamation work. Nearly five million dollars was made immediately available for the work. Within four years, twenty-six "projects" had been approved by the Secretary of the Interior and work ...
— Theodore Roosevelt and His Times - A Chronicle of the Progressive Movement; Volume 47 in The - Chronicles Of America Series • Harold Howland


Words linked to "Revolving fund" :   fund, monetary fund


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