(of a fund) constantly added to from income from its investments to offset outgoing payments
3.
(of a letter of credit, load, etc) available to be repeatedly drawn on by the beneficiary provided that a specified amount is never exceeded
Derived forms
revolvingly (reˈvolvingly)
adverb
revolving in American English
(rɪvɑlvaɪŋ; rɪˈvɔlvɪŋ)
adjective
1.
that revolves
said of an airport beacon, etc.
2. US, Finance
a.
designating a fund kept for making loans, payments, etc. and regularly replenished, as from repayments
b.
designating credit, as for a charge account, that is renewed for a stated amount as regular proportional payments are made
More idioms containing
revolving
the revolving door
Examples of 'revolving' in a sentence
revolving
car had just pulled in outside the flats, the beacon still revolving on its roof.
Adam, Paul A NASTY DOSE OF DEATH (2002)
On top of the point, there was a large, revolving cube of silver mosaic.
Mark Burnell CHAMELEON (2002)
I took the freight elevator when I had occasion to go to the revolving restaurant on top.
Siddons, Anne Rivers DOWNTOWN (2002)
All related terms of 'revolving'
revolve
If you say that one thing revolves around another thing, you mean that the second thing is the main feature or focus of the first thing.
revolving door
Some large buildings have revolving doors instead of an ordinary door. They consist of four glass doors which turn together in a circle around a vertical post .
revolving fund
a fund set up for a specific purpose and constantly added to by income from its investments
revolving stage
a circular platform divided into segments enabling multiple theater sets to be put in place in advance and in turn rotated into view of the audience
revolving credit
a letter of credit for a fixed sum , specifying that the beneficiary may make repeated use of the credit provided that the fixed sum is never exceeded
revolving presidency
a form of presidency in which the president and vice-president, or countries or bodies acting as such, switch roles after a set period and then back again and so on
the revolving door
a situation in which the people working in a particular organization do not stay there for very long, and so it is difficult for anything effective to be achieved