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English definition of “cost saving”

cost saving

[U] the fact of saving money , or of spending less money than was planned : In the present economic climate cost saving is vital to profitability .
[C, usually plural] an amount of money that is saved or not spent : achieve/make cost savings We shall be asking all departments to make substantial cost savings this year .
cost-saving adjective
(Definition of cost saving noun from the Cambridge Business English Dictionary © Cambridge University Press)
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