A revolving fund is a fund or account that remains available to finance an organization`s continuing operations without any fiscal year limitation, because the organization replenishes the fund by repaying money used from the account. Revolving funds have been used to support both government and non-profit operations. In the case of revolving fun....
Found on
http://en.wikipedia.org/wiki/Revolving_fund
[
n] - a fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly
Found on
http://www.webdictionary.co.uk/definition.php?query=revolving%20fund
noun a fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly
Found on
https://www.encyclo.co.uk/local/20974
No exact match found.
