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2 definitions found
 for circulating library
From The Collaborative International Dictionary of English v.0.48 :

  Circulate \Cir"cu*late\, v. i. [imp. & p. p. Circulated; p.
     pr. & vb. n. Circulating.] [L. circulatus, p. p. of
     circulare, v. t., to surround, make round, circulari, v. i.,
     to gather into a circle. See Circle.]
     [1913 Webster]
     1. To move in a circle or circuitously; to move round and
        return to the same point; as, the blood circulates in the
        body. --Boyle.
        [1913 Webster]
     2. To pass from place to place, from person to person, or
        from hand to hand; to be diffused; as, money circulates; a
        story circulates.
        [1913 Webster]
     Circulating decimal. See Decimal.
     Circulating library, a library whose books are loaned to
        the public, usually at certain fixed rates.
     Circulating medium. See Medium.
        [1913 Webster]

From WordNet (r) 3.0 (2006) :

  circulating library
      n 1: library that provides books for use outside the building
           [syn: lending library, circulating library]

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