Treasury

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Related to Treasuries: Treasury Department, TNPSC

treasury

1. the revenues or funds of a government, private organization, or individual
2. a place where funds are kept and disbursed

Treasury

(in various countries) the government department in charge of finance. In Britain the Treasury is also responsible for economic strategy

Treasury

 

(1) A depository of money, valuables, and other material wealth of khans, tsars, grand dukes and appanage princes, and monasteries.

(2) In centralized states, the aggregate of financial resources of the state. Through the treasury, the state is legally the holder of certain property rights and interests. Socialist countries haveno need for this concept of a treasury.


Treasury

 

in capitalist countries a special government body in charge of the cash fulfillment of the state budget. The treasury organizes the collection of such state revenues as taxes, fees, customs duties, and the proceeds from sale of state bonds; it also allocates funds to cover budget expenditures. In many instances the treasury issues paper money.

In the USA the Department of the Treasury is the ministry of finance; in France the treasury is set up as the treasury office of the Ministry of Finance, and in Great Britain it is an independent agency. In most capitalist countries, the state makes the central banks of issue responsible for the cash fulfillment of the budget. The “bank system” reduces state expenses for maintaining the treasury administration and facilitates state control over the resources of the budget.

In Russia the treasury was established after 1863 when the department of the state treasury was created within the Ministry of Finance. The treasury exercised control over the local bodies known as financial boards. All revenues collected by the treasury system were registered in one account at the state bank.

There is no treasury in the USSR. Cash fulfillment of the statebudget is accomplished by the Gosbank (State Bank) of the USSR.

A. B. EIDEL’NANT

References in periodicals archive ?
Infocash is an innovative tool created by Grupo Santander to control and manage regional treasuries.
But remember one thing before you buy: experts say it's best to invest money you're trying to protect from losses in short-term Treasuries because bonds that mature in 10 years or less typically incur less risk.
You can buy Treasuries through your broker or your bank, but the transaction fee you have to pay will eat away at your final profit.
The intention here is not to analyze the political or cultural barriers in companies that have created this situation, or to determine if treasuries have been as aggressive as they should have been in inserting themselves into the process.
Of course, you risk the loss of your principal if you sell Treasuries before maturity.
Substituting a broad portfolio of corporate bonds in the one- to three-year maturity range for Treasuries over the same 10-year period, there was only one quarter of negative total return (Q1-1994) and no annual negative total return.
eTreasury eXchange is the service dedicated to corporate treasuries of the SunGard Transaction Network (STN) for cash management between the corporations using Quantum, ICMS/TS, ResourceIQ(2) and GTM treasury solutions and Citibank.
In turn, treasuries are being tasked with doing more with less.