revolving fund

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Definitions from WordNet

Noun revolving fund has 1 sense

revolving fund - a fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly
--₁ is a kind of fund, monetary fund

Definitions from the Web

Revolving Fund

Noun: A financial account or pool of money that is used to fund ongoing operations, projects, or expenses, with the principal amount replenished as repayments or revenues are obtained.

Example Sentence: The university used a revolving fund to finance the construction of the new student center.

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