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christmas club

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Christmas club

–noun
a savings account in a bank in which regular deposits are made, usually throughout one year, as to provide funds for Christmas shopping.

Origin:
1905–10
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Christmas club  
n.  A savings account, as in a bank, requiring periodic deposits to ensure money for shopping at Christmas.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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