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REVOLVING FUNDA fund, typically created with bond proceeds and/or grant funds, that makes loans to borrowers and uses loan repayments to make additional loans.
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REVOLVING FUNDA fund from which moneys are continuously expended, replenished, and again expended. Examples: imprest cash, working fund, assets available for loans the repayments of which are available for other lo [..]
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REVOLVING FUNDRevolving fund refers to fund or account whose income remains available to finance its continuing operations without any fiscal year limitation. The term usually refers to a renewable credit over a de [..]
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REVOLVING FUNDA U.S. Treasury fund that lends money to rural electric and telephone systems. It is called a revolving fund because the money borrowers pay back on their loans is used to make new loans. Short form for Rural Electric and Telephone Revolving Fund. Acceptable on all references.
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REVOLVING FUNDA fund established to finance a cycle of operations to which reimbursements and collections are returned for reuse in a manner that will maintain the principal of the fund; e.g., working capital funds [..]
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REVOLVING FUND"Revolving fund" means a fund in the State Treasury, established by law, from which is paid the cost of goods or services furnished to or by a state agency, and which is replenished through [..]
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REVOLVING FUNDA type of Custodial Fund that involves the establishment of a bank account in the name of an individual or department. This account is solely operated by the individual or department, but is responsib [..]
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