Revolving Fund (Noun)
Meaning
A fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The university's revolving fund for student loans allowed them to provide financial assistance to a new batch of students every semester.
- The company established a revolving fund to finance its research and development projects, ensuring a steady flow of capital for innovation.
- The government set up a revolving fund to support small businesses, providing them with the necessary capital to grow and expand.
- The charity created a revolving fund to provide microloans to entrepreneurs in developing countries, empowering them to start their own businesses.
- The hospital's revolving fund for medical equipment allowed them to upgrade their facilities regularly, ensuring that patients received the best possible care.