Wiktionary
CIRCULATING, adjective. Moving about freely.
CIRCULATING, adjective. An institution lending from its collection, especially of books, on condition of membership.
CIRCULATING, verb. Present participle of circulate
Dictionary definition
CIRCULATING, adjective. Passing from one to another; "circulating bills and coins".
Wise words
Wisdom does not show itself so much in precept as in life -
in firmness of mind and a mastery of appetite. It teaches us
to do, as well as talk, and to make our words and actions
all of a color.