The treasury of the English government is an example of an exchequer.
- under the Norman kings of England, an administrative and judicial state department in charge of revenue: so called from a table marked into squares, on which accounts of revenue were kept with counters
- later, the British Court of Exchequer, which had jurisdiction over all cases relating to government revenue, now merged in the Queen's Bench Division of the High Court of Justice
- the British state department in charge of the national revenue
- the funds in the British treasury
- a treasury, as of a country or organization
- money in one's possession; funds; finances
Origin of exchequerMiddle English escheker, literally , chessboard, court of revenue, treasury ; from Old French eschekier: see checker
- Exchequer The British governmental department charged with the collection and management of the national revenue.
- Exchequer In Great Britain, the Court of Exchequer.
- A treasury, as of a nation or organization.
- Financial resources; funds.
Origin of exchequerAlteration of Middle English escheker, from Old French eschequier, counting table, chessboard, from eschec, check; see check.
From Anglo-Norman escheker (“chessboard”); from Medieval Latin scaccarium. This is because the cloth on which the exchequer counted money resembled a chessboard.
exchequer - Investment & Finance Definition
Another name for the U.K. Treasury. The person in the United Kingdom who is responsible for the treasury is the chancellor of the exchequer.
The word exchequer comes from an oblong, cloth-covered table with squares like those on a chequer (checker) board. In times past, the table was used as an abacus using the place value of the squares to tally tax revenues. ex-dividend A stock on which the current owner has no right to a declared dividend. When a company declares a dividend, it sets a record date on which a person must hold the stock in order to receive the dividend. When the company sets the record date, the stock exchange set the ex-dividend date, which typically is two business days before the record date. If the stock is purchased on or after its ex- dividend date, the shareholder is not eligible to receive the next dividend payment. Instead, the dividend payment goes to the seller.