revolving fund

noun

Definition of revolving fund

: a fund set up for specified purposes with the proviso that repayments to the fund may be used again for these purposes

Examples of revolving fund in a Sentence

Recent Examples on the Web That may include economic incentives, special financing or a pot of money like a revolving fund. Nina Ignaczak, Detroit Free Press, 24 Oct. 2021 If approved, the legislation would start a revolving fund similar to the water infrastructure fund that lawmakers launched in 2013. Robert T. Garrett, Dallas News, 3 May 2021 Madison-Morgan Conservancy of Madison, Ga. received $20,000 for the creation of a sustainable technologies revolving fund. courant.com, 2 Apr. 2021 The task force is asking for an annual $20 million revolving fund for the next 20 years to maintain and remove dams. Anna Liz Nichols, Star Tribune, 3 Feb. 2021 To fund actual bail payments for inmates, the Bail Project uses a national revolving fund. Courtney Astolfi, cleveland, 9 Nov. 2020 The authority is creating a revolving fund to pay for costs associated with property acquisitions including obtaining legal title and marketing properties, which would be repaid to the fund after the properties are sold. Mike Nolan, chicagotribune.com, 11 Oct. 2020 To start, DoorDash's total commitment is a $150,000 revolving fund. Dalvin Brown, USA TODAY, 9 July 2020 The Michigan Solidarity Bail Fund describes itself as a revolving fund as bail money is often returned once a case has been concluded. Miriam Marini, Detroit Free Press, 2 June 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'revolving fund.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of revolving fund

1920, in the meaning defined above

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Time Traveler for revolving fund

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The first known use of revolving fund was in 1920

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Dictionary Entries Near revolving fund

revolving field alternator

revolving fund

revolving letter of credit

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Statistics for revolving fund

Last Updated

25 Oct 2021

Cite this Entry

“Revolving fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revolving%20fund. Accessed 30 Nov. 2021.

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