revolving fund

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun A fund whose income or repayments can be used to finance its continuing operations from year to year, usually established by a government or nonprofit organization to provide discounted loans.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a fund which, if borrowed or used, is intended to be replenished so it may be loaned or spent repeatedly