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    • Ernie
      ERNIE stands for electronic random number indicator equipment. ERNIE is the machine that generates numbers that are matched against premium bond holders to determine who the monthly winners are.

The Finance Section Glossary

Currently viewing the definition of: Savings
 
 
 Money put aside for a future known or unknown event. Whilst there are several products that would fall into the savings category, as opposed to investing, the most popular will be some form of savings account with a bank or building society. For example, the cash element of an ISA. 
 

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