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Also available:
World English Dictionary
Dictionnaire Français
permanent-income savings motive
per·ma·nent-in·come sav·ings mo·tive
noun
Definition:
reason for saving for lean years:
the reason why people save money in prosperous times so that they have savings to fall back on in leaner times
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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