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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
Examples of revolving fund in a Sentence
Recent Examples on the Web
Money will be distributed through the state revolving fund.
—The Arizona Republic, 10 Apr. 2024
Additionally, Tracie Marshall, superintendent of Portage’s wastewater treatment plant, said the state revolving fund loan for a solar project and new clarifiers at the plant should be done by Thanksgiving, with work to begin next spring.
—Doug Ross, Chicago Tribune, 7 Sep. 2023
The $400 million for water and sewer projects would include $195 million for projects identified as high-need and eligible for the EPA’s clean water and drinking water revolving funds.
—Mike Cason | McAson@al.com, al, 14 Mar. 2023
The task force recommended that the legislature consider using funds from the American Rescue Plan Act to provide grants for new and expanded child care programs and suggested creating a revolving fund or providing start-up grants to offset the cost of expansion operations.
—Sarah Swetlik | Sswetlik@al.com, al, 24 Feb. 2023
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Word History
First Known Use
1920, in the meaning defined above
Dictionary Entries Near revolving fund
Cite this Entry
“Revolving fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revolving%20fund. Accessed 23 Dec. 2024.
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