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 To fund actual bail payments for inmates, the Bail Project uses a national revolving fund. Courtney Astolfi, cleveland, "Cuyahoga County gives $200K to Bail Project, which pays bond for defendants who can’t afford it," 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, "Grants to fund logistics training, housing assistance in south suburbs," 11 Oct. 2020 To start, DoorDash's total commitment is a $150,000 revolving fund. Dalvin Brown, USA TODAY, "DoorDash follows Uber Eats, Yelp with tool to identify Black-owned businesses," 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, "Arrested by police at a protest? Here are local bail, legal resources to use," 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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Statistics for revolving fund

Last Updated

17 Nov 2020

Cite this Entry

“Revolving fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revolving%20fund. Accessed 26 Nov. 2020.

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