- saving
- saving sav‧ing [ˈseɪvɪŋ] noun
• We want to encourage saving and investment.
2. [countable usually singular] FINANCE an amount of something that you have not used or spent, especially compared with a larger amount that you could have used or spent:• This amount represents a considerable saving over last year's expenditure.
saving of• Recent pension-plan changes will make a saving of $400 million next year.
3. savings [plural] FINANCE money that is kept in a bank to be used later or invested, rather than spent:• Investors lost their life savings (= all the money they had saved during their life ) when the bank collapsed.
4. [uncountable] ECONOMICS when total income in the economy is more than the total amount spent on goods — compare dis-saving, spendingˌforced ˈsaving[uncountable] ECONOMICS when people spend less than they earn because there are not enough goods available to buy or because goods are too expensiveˌpersonal ˈsaving[uncountable] ECONOMICS when a person rather than a company or organization saves money to spend or invest later:• Tax breaks may help to encourage personal saving.
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saving UK US /ˈseɪvɪŋ/ noun► [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.
► [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.
→ See also COST SAVING(Cf. ↑cost saving), FORCED SAVING(Cf. ↑forced saving), PERSONAL SAVING(Cf. ↑personal saving)
Financial and business terms. 2012.