noun
a group of people who save money in a common fund for a specific purpose (usually distributed at Christmas)
• Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ireland, ↑Great Britain
• Hypernyms:
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noun Britain : a group of persons who save money in a common fund for a specified purpose (as distribution at Christmas)
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slate club noun
An informally organized communal fund to which members contribute regularly, as insurance against hard times or savings towards eg Christmas expenses
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Main Entry: ↑slate
Useful english dictionary. 2012.