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What does save up mean?

Looking for the meaning or definition of the word save up? Here's what it means.

Verb
  1. (transitive and intransitive) To accumulate money, especially for a specific, planned expenditure.
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Examples
If you pay on a normal credit bill and write a cheque or pay by giro, you can save up to a maximum of 13 per cent if you change to direct debit.
I would probably have to move out here alone and live pretty modestly so that we could save up some money and pay down the debts back home.
He was on a gap year before going to university and was working at a firm of solicitors in the centre of Bradford to save up for a trip to Tanzania in the summer.
The inefficient standard light bulb could be phased out within three years to save up to 800,000 tonnes of greenhouse gas emissions.
Children put their pocket money into a bank account to save up to buy a bicycle.
It took time to save up the money to buy a little Sony battery-powered cassette recorder, but finally I ditched my reel-to-reel tapes.

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