Meaning of the word "put by" in English

What does "put by" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

put by

US /pʊt baɪ/
UK /pʊt baɪ/
"put by" picture

Phrasal Verb

1.

to save money for future use

Example:
She tries to put by a little money each month for her retirement.
We need to put by enough funds for the new project.
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