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REVOLVING FUND/ACCOUNT - (1) An internal service fund established to carry out a cycle of operations.
Revolving fund - Is a fund where the money that is used it is replaced An example would be the petty cash fund under the imprest method.
State Revolving Funds (SRFs): State run programs in conjunction with the U.S. Environmental Protection Agency (EPA) to provide low interest rate loans with flexible terms, funding, and assistance for projects which protect water quality.
It is a revolving Fund whose resourcs were made available by the Danish government. IFU takes part in joint ventures as a shareholder and can provide loans or guarantees for loans.
See also: Banks, Expense, Joint venture, Developing countries, Values
 
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