Meaning & Definition of word "Exchequer"
Exchequer
/ɛksˈtʃɛkər/
noun:
- 1. A government department responsible for the management of public finances and revenues.
- Example: The Chancellor of the Exchequer announced new fiscal policies aimed at boosting the economy.
- 2. In the United Kingdom, the Treasury, which oversees the collection and allocation of government funds.
- Example: Funds for educational grants are allocated by the Exchequer in the annual budget.
- 3. Historically, a court or office dealing with financial matters, particularly in medieval England.
- Example: The ancient Exchequer was once responsible for collecting taxes and managing royal finances.
Etymology
●Middle English 'escheker', from Old French 'eschequier', from 'eschequier', a chessboard, referring to the checkered table (the treasury's accounts were presented on such a table).
Common Phrases and Expressions
Chancellor of the Exchequer:
The British cabinet minister responsible for economic and financial matters.
Exchequer Court:
A court that deals with fiscal and revenue matters.
Related Words
treasurer:
An officer responsible for the financial management of an organization.
budget:
An estimate of income and expenditure for a set period.
Slang Meanings of exchequer
Meaning: Cash or funds available.
● Example Sentence: We need to check the exchequer before making any big purchases.
Meaning: Government money.
● Example Sentence: The new policy will require dipping into the exchequer.