English

Definition of saving noun from the Oxford Advanced Learner's Dictionary

      

    saving

     noun
    noun
    BrE BrE//ˈseɪvɪŋ//
     
    ; NAmE NAmE//ˈseɪvɪŋ//
     
    Shopping in stores, Banking
     
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  1. 1  [countable] an amount of something such as time or money that you do not need to use or spend Buy three and make a saving of 55p. With the new boiler you can make big savings on fuel bills. See related entries: Shopping in stores
  2. 2  savings [plural] money that you have saved, especially in a bank, etc. He put all his savings into buying a boat. I opened a savings account at my local bank. CollocationsFinanceIncome earn money/​cash/(informal) a fortune make money/​a fortune/(informal) a killing on the stock market acquire/​inherit/​amass wealth/​a fortune build up funds/​savings get/​receive/​leave (somebody) an inheritance/​a legacy live on a low wage/​a fixed income/​a pension get/​receive/​draw/​collect a pension depend/​be dependent on (British English) benefits/(North American English) welfare/​social securityExpenditure spend money/​your savings/(informal) a fortune on… invest/​put your savings in… throw away/​waste/ (informal) shell out money on… lose your money/​inheritance/​pension use up/ (informal) wipe out all your savings pay (in) cash use/​pay by a credit/​debit card pay by/​make out a/​write somebody a/​accept a (British English) cheque/(US English) check change/​exchange money/​currency/(British English) traveller’s cheques/(US English) traveler’s checks give/​pay/​leave (somebody) a depositBanks have/​hold/​open/​close/​freeze a bank account/​an account credit/​debit/​pay something into/​take money out of your account deposit money/​funds in your account withdraw money/​cash/£30 from an ATM, etc. (formal) make a deposit/​withdrawal find/​go to/​use (especially North American English) an ATM/(British English) a cash machine/​dispenser be in credit/​in debit/​in the black/​in the red/​overdrawnPersonal finance manage/​handle/​plan/​run/ (especially British English) sort out your finances plan/​manage/​work out/​stick to a budget offer/​extend credit (to somebody) arrange/​take out a loan/​an overdraft pay back/​repay money/​a loan/​a debt pay for something in (especially British English) instalments/(usually North American English) installmentsFinancial difficulties get into debt/​financial difficulties be short of/ (informal) be strapped for cash run out of/​owe money face/​get/ (informal) be landed with a bill for £… can’t afford the cost of…/payments/​rent fall behind with/ (especially North American English) fall behind on the mortgage/​repayments/​rent incur/​run up/​accumulate debts tackle/​reduce/​settle your debts See related entries: Banking
  3. 3-saving (in adjectives) that prevents the waste of the thing mentioned or stops it from being necessary energy-saving modifications labour-saving devices space-saving fitted furniture see also face-saving
  4. Word Origin Middle English: from the verb save.Extra examples Crushing fuel costs are offsetting other savings. For a family of four this can mean a saving of around $500. I don’t have any savings. I haven’t got any savings. I was determined to build up some savings. My grandfather refused to put his savings in the bank. She lost her job and had to live on her savings. The card gives you instant access to your savings. The couple lost their entire life savings on the venture. The major savings come from reduced costs. The potential savings are enormous. The war had wiped out the family savings. This design offers considerable savings in fuel efficiency. This represents a saving to British business of about £175 million a year. This was done, with a saving of 40% in staff costs. We need to find savings of around €30 million. We need to see where financial savings can be made. We will pass on this saving to our customers. You can have all the benefits of membership while making a big saving on price. You get higher interest if you agree to tie up your savings for a long period. a saving for club members a significant saving in energy costs average savings of 30% savings from the use of the new technology the advantages of energy saving
See the Oxford Advanced American Dictionary entry: saving