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savings |
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savingsUnspent income, after deduction of tax, put aside through bank deposits or other financial schemes offering interest to savers on their deposits. In economics a distinction is made between investment, involving the purchase of capital goods, such as buying a house, and saving (where capital goods are not directly purchased; for example, buying shares as a way of earning an income). The savings rate depends on many factors, such as interest rates, inflation rates, unemployment rates, and expectations for future earnings. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| I placed my savings with Planchet, who pays me the interest of them. Before the days of strikes in that section of the country, I knew miners who had considerable money in the bank, but as soon as the professional labour agitators got control, the savings of even the more thrifty ones began disappearing. The servant, having been left without wages, first lived on his little savings, and then on his master's pigeons. |
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savings
