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Exchequer

   Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson 0.02 sec.

Exchequer

English government department responsible for receiving and dispersing public revenue. It was established by Henry I in the 12th century, and its name refers to the checkered cloth on which the reckoning of revenues took place. Originally, the lower Exchequer was an office for the receipt and payment of money, while the upper Exchequer was a court sitting twice a year to regulate accounts. The English judicial system grew out of the upper Exchequer, and the lower Exchequer became the Treasury. “Exchequer” is still the unofficial name of the Treasury in Britain.



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Poverty of the State exchequer causes an army to be maintained by contributions from a distance.
These works, which I owe to the high talents and disinterested zeal of the above distinguished authors, could not have been undertaken, had it not been for the liberality of the Lords Commissioners of Her Majesty's Treasury, who, through the representation of the Right Honourable the Chancellor of the Exchequer, have been pleased to grant a sum of one thousand pounds towards defraying part of the expenses of publication.
Fisher said, rather vaguely, that he was following soon, when he had fixed something up; and the Chancellor of the Exchequer left the inn.
 
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