Savings

English vocabulary and translations (See all)

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Definition

savings: money put in reserve in a special bank account, funds
noun
Since I lost my job, I've been living off my savings.
a savings account a bank account that accumulates interest
a savings and loan association (US) a financial institution that holds the funds of its clients in interest-accumulating accounts and invests these funds in things like home mortgage loans
a savings bond a non-negotiable government bond (cannot be bought and sold once the original purchase is made)

Examples

  • "I have paid for it with my own savings, so I sincerely hope that it remains in my possession."
  • "The transition costs of offshore operations are greatly outweighed by the long term savings which outsourcing provides."

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