What is a "rolling deadline"

<p>What does it mean when a school says their application deadline is "rolling"?</p>

<p>I think it means that you can turn in your app at any time, and they'll get back to you after a fixed time from that. This means that if University X has a rolling admissions plan, and I submit on Nov 15, I'll find out, say on Dec 15 if I got in or not, but I could also have submitted on Dec 12 and find out if I got in Jan 12, etc.</p>