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This new yard will replace a group of out-of-date yards, and there will be an estimated net saving of £150,000 a year.
(countable, usually in the plural) Something (usually money) that is saved, particularly money that has been set aside for the future.
I invested all my savings in gold.
The collapse of Enron wiped out the life savings of many people, leaving them poor in their retirement.
2025 April 10, Brad Lendon, “‘Frankenjet’ stealth fighter made from two wrecked warplanes joins US Air Force fleet”, in CNN:
“Rather than writing off both jets as a loss … teams made a bold decision in 2022 to remove the nose from AF-27 and put it onto AF-211 to maximize savings and add back an operational aircraft to the fleet,” a report from the F-35 JPO said.
1932, Lewis Grassic Gibbon, Sunset Song (A Scots Quair), Polygon, published 2006, page 14:
Three of her bairns were drowned at sea, fishing off the Bervie braes they had been, but the fourth, the boy Cospatric, him that died the same day as the Old Queen, he was douce and saving and sensible, and set putting the estate to rights.
Bringing back in returns or in receipts the sum expended; incurring no loss, though not gainful.