revolving fund

noun

: 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, baltimoresun.com, 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 | [e-mail], 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 | [e-mail], al, 13 Apr. 2022

See More

Word History

First Known Use

1920, in the meaning defined above