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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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