Business / Accounting / Savings: The process of setting aside money until a future date instead of spending it today. The goal of saving is to provide funds for emergencies, short-term goals, and investments.

Other Words for Savings

Savings Adjective Synonyms: resources, reserve, cache, hoard, nest egg

Medical Savings Account (MSA)

Health / Health Insurance / Medical Savings Account (MSA): A trust that employees of small businesses may establish to pay for out-of-pocket medical expenses. MORE

529 College Savings Plan

Business / Taxes / 529 College Savings Plan: Each 529 college savings plan is sponsored by a particular state or group of states, and while each plan is a little different, they share many basic elements. When you invest in a 529 savings plan, a MORE

Savings Association Insurance Fund (SAIF)

Business / Finance / Savings Association Insurance Fund (SAIF): A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions. MORE

Health Savings Account (HSA)

Health / Dentistry / Health Savings Account (HSA) : A reimbursement account in which the participant pays for health costs through a fully insured, tax-exempt savings account. Employees or employers or both fund the account. An HSA is subject to regula MORE

Employer-Sponsored Retirement Savings Program

Business / Accounting / Employer-Sponsored Retirement Savings Program: Tax-deferred savings plans offered by employers that provide a federal tax deduction, tax-deferral of contributions and earnings, and, in some cases, employer matching. They include 401(k) plans for c MORE

Health Savings Accounts (HSA)

Business / Human Resources (HR) / Health Savings Accounts (HSA): A tax-free account that can be used by employees to pay for qualified medical expenses. Contributions do not have to be spent the year they are deposited. Money in the account earns interest and accum MORE