An irrevocable letter of issued for a specific amount, which renews itself for the same amount over a given period Usually the unused portion of each period is non-cumulative and cannot be carried over to the next period
Making a revolution or revolutions; rotating; used also figuratively of time, seasons, etc
Loan Fund - The EPA provides financial assistance to an eligible entity, such as a municipality, to establish its own revolving loan fund that will be used to make loans for authorized purposes A revolving loan fund charges interest on the loans, generally at a low interest rate This fund is termed revolving because it uses loan repayments to make new loans for the same authorized purposes