kye
- noun
- Archaic
- Each month, members of the kye contribute a set amount and one person receives the total.
Examples
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They formed a kye to save for a new community center.
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Participating in a kye helped him manage his finances and build trust with friends.
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She joined a kye with her coworkers to help save for a vacation.
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A kye is a great way to save.
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Many Korean families participate in a kye to save money together for special occasions.
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In their community, friends form a kye to help each other with monthly expenses.
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She joined a local kye to save for a vacation by contributing a set amount each month.
Synonyms
A savings club where people pay money regularly and take turns getting the shared money
A group of people who regularly put money into a shared fund and get it before Christmas
Surface Forms
Etymology
The word kye is used in some communities for a rotating savings club, and a helpful way to remember it is to think of a kitty, a shared pot of money that people add to and take turns receiving. So a kye is a group saving plan where members regularly contribute and one person gets the total each time.