revolving fund

Dictionary: revolving fund

A fund established for a certain purpose, such as making loans, with the stipulation that repayments to the fund may be used anew for the same purpose.

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Accounting Dictionary: Revolving Fund

Account that is repeatedly expended, replenished, and then expended again. An imprest petty-cash fund is an example. Vouchers are paid daily and the petty-cash fund is usually replenished at the end of each month.

Military Dictionary: revolving fund

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(DOD) 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.

Wikipedia: Revolving Funds

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This article is an orphan, as few or no other articles link to it. Please introduce links to this page from other articles related to it. (February 2009)

A revolving fund is a fund or account whose income remains available to finance its continuing operations without any fiscal year limitation.

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 are useful funding sources for historic preservation projects. A non-profit preservation organization would establish a fund to receive donations and other capital which is used by the organization to purchase endangered property which is then resold with easements. Some organizations also make loans for building renovations. The Providence Revolving Fund is one of the largest local revolving funds in the country.

External links

U.S. Congressional Glossary

http://www.ndfc.in

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Copyrights:

		Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved. Read more
		Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved. Read more
		Military Dictionary. US Department of Defense Dictionary of Military and Associated Words, 2003. Read more
		Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Revolving Funds". Read more