**Response to @evoskuil:**

Similarly the term "savings" is ambiguous. Rothbard distinguishes between "savings-investment" and "savings-hoard" for this reason. Investment has been loaned to another (contractual), and the hoard is held by the saver (not contractual). Both are colloquially "saved".

https://nitter.moomoo.me/evoskuil/status/1652097795913056256#m