Is “Saving” a Scrabble word?

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Yes
SAVING
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Saving

/ˈseɪvɪŋ/

verb
  1. 1.To prevent harm or difficulty.

  2. 2.To put aside, to avoid.

noun
  1. 1.A reduction in cost or expenditure.

    The shift of the supplier gave us a saving of 10 percent.

  2. 2.(usually in the plural) Something (usually money) that is saved, particularly money that has been set aside for the future.

    I invested all my savings in gold.

  3. 3.The action of the verb to save.

adjective
  1. 1.That saves someone from damnation; redemptive.

  2. 2.Preserving; rescuing.

  3. 3.Thrifty; frugal.

    a saving cook

preposition
  1. 1.With the exception of; except; save.

  2. 2.Without disrespect to.