Definition of "revolving fund" []

• A fund established for a certain purpose, such as making loans, with the stipulation that repayments to the fund may be used anew for the same purpose. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "We've established a revolving fund and First Central's ready to transfer the initial 7 million to the account whenever we say so."