revolving fund


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

Example Sentences

Recent Examples on the Web Once the project is completed, the partner’s initial equity investment will be returned to a revolving fund to support future partnerships while the partner keeps all fees and earnings on its investment, along with a share of the appreciated value. Lorraine Mirabella,, 23 Nov. 2021 The association will garner $240,000 in a drinking water revolving fund loan and $60,000 in ARPA funding. Washington Examiner, 15 Jan. 2023 The new legislation also sets up a revolving fund at the Treasury Department used to pay whistleblowers with money collected from enforcement actions based on their tips. Mengqi Sun, WSJ, 11 Jan. 2023 The money received in 2021 included $15.7 million for the budget general fund, $1 million for the convention and tourism fund, and $1.5 million for the recreation revolving fund, according to city documents. Dallas News, 22 Mar. 2022 The loans will be part of a revolving fund, so when the funds that are repaid, the money will then be used to fund other projects in the state. Dennis Pillion |, al, 18 Sep. 2022 Logistics of the bill create a revolving fund, provided by the medical marijuana authority, that sets aside an annual $5 million for county sheriffs to dedicate an officer for one year to the medical marijuana authority. From Usa Today Network And Wire Reports, USA TODAY, 17 May 2022 Once a homeowner sells, transfers or refinances their house, according to the program’s outline, the owner would pay back to the revolving fund an amount equal to 17% of the home’s current value — even if the amount is larger than the initial loan. Hannah Wileystaff Writer, Los Angeles Times, 11 May 2022 Those funds will also be allocated by ADEM through the existing state revolving fund, and LeFleur said ADEM expects the funds to be available by September or October. Dennis Pillion |, al, 13 Apr. 2022 See More

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.

Word History

First Known Use

1920, in the meaning defined above

Time Traveler
The first known use of revolving fund was in 1920

Dictionary Entries Near revolving fund

Cite this Entry

“Revolving fund.” Dictionary, Merriam-Webster, Accessed 21 Mar. 2023.

Last Updated: - Updated example sentences
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