Definitions for "Revolving Funds"
The accounts authorized by specific provisions of law to finance a continuing cycle of business-type operations and to incur obligations and expenditures that generate receipts. back to the top
Defined by Lynn Moriarity in the Landmark Yellow Pages as a "pool of capital created and reserved for a specific activity, such as historic preservation, with the restriction that the monies are returned to the fund to be reused for similar activities."
special financing bodies that make loans to many borrowers from an initial supply of lending capital, and then use the repayments from those borrowers to make additional loans, thus "revolving" or reusing their capital.