contractual savings

The two most popular examples of contractual savings institutions are pension funds and mutual funds.

NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering.

Contractual savings institutions (also called institutional investors) give individuals the opportunity to invest in collective investment vehicles (CIV) as a fiduciary rather than a principal role.

At least $20 million in savings will come from $10 million in cuts in fringe benefits, $5 million in contractual savings and $2 million in salary cuts through a combination of layoffs, salary freezes or both.

In Keynes's time it was mainly wealthy or high-income earning individuals who operated speculative balances, but in the modern economy this role has been assumed more by institutions which manage contractual savings held in pension funds, life assurance contracts, and the like.