411 REFERENCE · Wiktionary
Christmas club
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
en Christmas + en club
Noun
en banking A type of savings scheme in which a person pays in money through the course of a year and gets back a total at around Christmas time ready to buy gifts or treats for Christmas. Such schemes have been run by banks and retailers and generally only involve fairly small amounts of money.
See also