a fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly
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 funds for a government project whose budget goes through annual parliamentary or other legislative appropriations that relate to a fiscal year then the unutilized balance may lapse after the close of the financial year. However it is restored the next year provided the agency concerned includes the amount in next year's appropriation. Within federal and state governments, law establishes revolving funds. Revolving funds, established for the purpose of carrying out specific activities, institute a basis under which financing for the cost of goods or services furnished to or by a government agency originate. Revolving funds are to be replenished through charges made for such goods or services. Revolving funds can be especially valuable for non-profit organizations because they afford both the donor and the non-profit significant advantages.
Dictionary of Military and Associated Terms
A fund established to finance a cycle of operations to which reimbursements and collections are returned for reuse in a manner such as will maintain the principal of the fund, e.g., working capital funds, industrial funds, and loan funds.
The numerical value of revolving fund in Chaldean Numerology is: 7
The numerical value of revolving fund in Pythagorean Numerology is: 7
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Translations for revolving fund
From our Multilingual Translation Dictionary
- fonds renouvelableFrench
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"revolving fund." Definitions.net. STANDS4 LLC, 2017. Web. 26 Jun 2017. <http://www.definitions.net/definition/revolving fund>.