savings
n. money that has been saved by economizing, money that has been set aside saving n. act of rescuing; act of safeguarding; redemption, act of delivering from sin; conservation; preservation, act of maintaining | ||||
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Savings definition was found in categories: Language, Idioms & Slang(2) Social Science(1) Encyclopedia(1)
Savings Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
savings
Noun
1. a fund of money put by as a reserve
(synonym) nest egg
(hypernym) fund, monetary fund
(derivation) save, lay aside, save up
Noun
1. a fund of money put by as a reserve
(synonym) nest egg
(hypernym) fund, monetary fund
(derivation) save, lay aside, save up
saving
Noun
1. an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents"
(synonym) economy
(hypernym) action
(hyponym) retrenchment, curtailment, downsizing
2. recovery or preservation from loss or danger; "work is the deliverance of mankind"; "a surgeon's job is the saving of lives"
(synonym) rescue, deliverance, delivery
(hypernym) recovery, retrieval
(hyponym) lifesaving
3. the activity of protecting something from loss or danger
(synonym) preservation
(hypernym) protection
(hyponym) environmentalism
Adjective
1. bringing about salvation or redemption from sin; "saving faith"; "redemptive (or redeeming) love"
(synonym) redemptive, redeeming(a), saving(a)
(similar) good
2. characterized by thriftiness; "wealthy by inheritance but saving by constitution"- Ellen Glasgow
(similar) thrifty
| hEnglish - advanced version |
| A Glossary of Political Economy Terms |
Savings
All income of households (and firms) that is neither immediately spent on goods and services for final consumption nor taken by the government as taxes. Such savings may be held as balances in bank accounts or as cash on hand. Savings may be held for the purpose of subsequent investment or for some other purpose, such as accumulating sufficient funds for future consumption spending on big ticket items, maintaining an emergency reserve against the possibility of unpredicted consumption expenses, providing for post-retirement consumption spending, or even for the perverse psychological pleasures of hoarding in the miserly tradition of Silas Marner.
[See also: investment ]
All income of households (and firms) that is neither immediately spent on goods and services for final consumption nor taken by the government as taxes. Such savings may be held as balances in bank accounts or as cash on hand. Savings may be held for the purpose of subsequent investment or for some other purpose, such as accumulating sufficient funds for future consumption spending on big ticket items, maintaining an emergency reserve against the possibility of unpredicted consumption expenses, providing for post-retirement consumption spending, or even for the perverse psychological pleasures of hoarding in the miserly tradition of Silas Marner.
[See also: investment ]
Savings Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Saving
In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan.
In a broader sense, saving is typically used to refer to economizing, cutting costs, or to rescuing someone or something.
In terms of personal finance, saving refers to preserving money for future use - typically by putting it on deposit - this is distinct from investment where there is an element of risk.
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