slate club
- noun
:
caja de ahorro
- Members paid into the slate club each week to receive a payout just before Christmas.
Examples
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My grandmother joined a slate club at her local church for holiday savings.
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The village slate club has helped families manage their expenses during the festive season.
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The slate club meets every month.
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Our slate club is planning a holiday party!
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Members paid into the slate club each week to receive a payout just before Christmas.
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My grandmother joined a slate club at her local church for holiday savings.
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The village slate club has helped families manage their expenses during the festive season.
Synonyms
360
3.4
A group of people or companies who share resources for a common goal
A group where people pay money and take turns getting the whole pot
How Organized
Surface Forms
Morphology
The constituent meanings do not transparently combine to indicate a pooled savings group: 'slate' (given as a party's list of candidates) has no obvious lexical link to a money-pooling scheme, and while 'club' can mean a group, it does not by itself signal a rotating fund. The overall sense is a culture-specific label for a savings/rotating fund (like a 'kitty' or 'Christmas club') that a B1 learner who only knows the parts would be unlikely to infer.
Etymology
Slate club may come from the small writing slates people used long ago to record who paid each week. Seeing the names on the slate made it easy to watch the shared money, so the name came to mean 'a group of people who put money into a common fund'.