Meaning of revolving fund

revolv'ing fund'

Pronunciation: [key]
  1. any loan fund intended to be maintained by the repayment of past loans.
  2. a U.S. government fund, with loans and repayments equalized, used to aid businesses affecting the public interest, as public utilities.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.