Slate Club (Noun)
Meaning
A group of people who save money in a common fund for a specific purpose (usually distributed at Christmas).
Classification
Nouns denoting groupings of people or objects.
Examples
- The local community has a slate club where members contribute a set amount each month to be distributed at Christmas.
- She joined the slate club at work to save for the holiday season without having to worry about last-minute expenses.
- Every year, the family sets up a slate club to pool their money together for a big Christmas gift exchange.
- The slate club at the church helps low-income families by providing them with a lump sum of money at the end of the year.
- By joining the slate club, she was able to save a significant amount of money for the holidays without feeling the financial strain.