Revolving fund definition
Examples of Revolving fund in a sentence
Revolving fund certificates ----------------------------- issued by any predecessor corporation in lieu of cash patronage refunds, or by this corporation in exchange for such certificates issued by a predecessor corporation, shall be redeemed at face amount, fully or pro rata, in the order of issuance by year if and when the board of directors in its sole discretion considers the funds represented thereby no longer necessary for corporate purposes.
The ITC Revolving fund for SCM training materials and the activities financed therefrom shall be administered by ITC in accordance with the applicable United Nations regulations and rules and ITC procedures.
Revolving fund, supported by the program has also improved the economic empowerment of commercially viable micro-enterprises group members who have small area of land and no experience in farm based enterprises.
Unused funds at the end of the contract period will go back into the general Revolving fund to be redistributed the following fiscal year.
The balance of the Holiday Price must be paid to Club Med at least 42 days before the traveller’sscheduled date of departure.