savingsav·ing /ˈseɪvɪŋ/ noun1[uncountableU]FINANCE the act of keeping money to use later rather than spending itWe want to encourage saving and investment.
2[countableC 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 spentThis amount represents a considerable saving over last year’s expenditure.
saving ofRecent pension-plan changes will make a saving of $400 million next year.
3savings [plural]FINANCE money that is kept in a bank to be used later or invested, rather than spentInvestors lost their life savings (=all the money they had saved during their life) when the bank collapsed.
→ forced saving → personal saving