slate club

a group of people who save money in a common fund for a specific purpose (usually distributed at Christmas)
club, ↑social club, ↑society, ↑guild, ↑gild, ↑lodge, ↑order

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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.

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