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English definition of “saving”

saving

noun     /ˈseɪvɪŋ/
[C] an amount of something that you do not use or spend : Their intention is to keep costs down and this saving can be passed on to customers .a saving/savings on sth The company claims to be able to deliver savings on cars of as much as 50%.make a saving/make savings Young drivers can make considerable savings on their car insurance by taking a few simple steps .
savings [plural] BANKING, FINANCE money that you keep , usually in a bank account , instead of spending it: Savers should ask branches if they could make more money by moving their savings into newer accounts .
[U] BANKING, FINANCE the activity of keeping money so that you can use it in the future : We try to teach children the importance of regular saving. The current voluntary system is unlikely to deliver a solution to the problem of inadequate pension saving.
[U] ECONOMICS a situation in which total income is greater than money spent : domestic/household saving The resulting decline in economic growth should of course be blamed on the low rate of domestic saving and not on the falling dollar . National saving would be unaffected by the reform . → Compare dissaving
→ See also cost saving, forced saving, personal saving
(Definition of saving noun from the Cambridge Business English Dictionary © Cambridge University Press)
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