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the proportion of a person's (personal saving), company's or institution's (retained profits) income that is not spent on current consumption. Savings are typically placed on deposit with a BANK, BUILDING SOCIETY, etc., or used to acquire financial and physical assets such as SHARES or plant. By forgoing immediate spending on consumption, savers seek to augment their future income through dividends, interest and rent receipts and through capital appreciation.

In macroeconomic analysis, saving is the proportion of current NATIONAL INCOME that is not spent on current consumption and as such is a WITHDRAWAL from the CIRCULAR FLOW OF NATIONAL INCOME.

In the simple circular flow model, all saving is undertaken by households; in the extended model, saving is also undertaken by businesses (retained profits) and the government (budget surplus).

In real terms, saving is important in that it ‘finances’ physical INVESTMENT. Saving (forgoing current consumption) releases resources that can be devoted to increasing the country's CAPITAL STOCK and hence its capacity to produce a greater quantity of goods over time. See also SAVINGS SCHEDULE, PARADOX OF THRIFT, INDIVIDUAL SAVINGS ACCOUNT (ISA), PREMIUM BOND.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
But, continues Lovett, "The testimony of men of sober judgment is that at least 20,000 souls were savingly awakened at this period.
Christmas becomes more meaningful, as God is savingly active, whispering loudly and clearly not just to our Green Pope Benedict XVI (Green Pope, Newsweek Magazine, 2008) but here in India to the KCBC and other enlightened Christians inspiring them to stand up and take action to protect God's Planet, as matter and mud become Jesus' body and blood.
If God were to savingly reveal Godself to all people directly, then this entails an ahistorical account of God and divine revelation that is at odds with the biblical witness.