revolving fund
1
5.2
- noun
- /rɪˈvɑlvɪŋ fʌnd/
- Specialized
:
fondo rotatorio
- Under the present system, state revolving funds cannot distribute bond proceeds rapidly enough to qualify for the federal tax law's arbitrage rebate relief provision.
Examples
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One wonders what happened to the idea that the IMF was a revolving fund of relatively small short-term loans that countries repaid so others could borrow?
Academic text (1999) -
The city established a revolving fund to support community development projects, allowing it to reinvest profits into new initiatives.
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Potential problems with the revolving fund program also exist on the state side of the equation.
Academic text (1992) -
As of May 31, 1990, only ten states had implemented revolving fund programs.
Academic text (1992) -
German aid included a grant to finance design and construction and establish a revolving fund to finance similar minihydro projects.
Academic text (1995) -
GEF is considering a grant to establish a revolving fund for continued market expansion that would mitigate the first of these factors.
Academic text (1995) -
These states sometimes choose to employ escalating-payment plans to postpone their debt charges on state bonds issued under a revolving fund until future years.
Academic text (1992) -
This outbreak immediately prompted proposed legislation to establish a multi-billion dollar revolving fund that would allow states to issue loans for constructing or improving water treatment plants (12).
Academic text (1994) -
The DoD, and particularly the Navy, had operated many of its industrial and supply activities on a revolving fund basis since 1951, but these funds were decentralized and accounted for separately under the military departments and agencies until the DBOF was created.
Academic text (1993) -
The $70 billion DBOF revolving fund was consolidated under the DoD Comptroller and directed by Principal Deputy Comptroller Donald Shycoff.
Academic text (1993)
How Sustainable
Surface Forms
Morphology
The sense of 'revolving' as cyclical or repeatedly circulating has a clear link to 'revolve' (to turn in a circle), so a learner could guess the fund involves money that is used and then replenished. However, the specific financial mechanism — regular replenishment and designated reuse — is a metaphorical/technical extension that may not be fully predictable to a B1 learner without prior exposure. Because the meaning is partially inferable but relies on domain knowledge and metaphorical transfer, it is best classified as semi-transparent.
Etymology
The noun revolving fund comes from the image of money turning like a wheel: the word revolving shows that cash moves out and then back into the fund, so it can be 'used again'. That's why a revolving fund means a pool of money that is regularly refilled and used over and over.