Exchequer in Europe
Definition of Exchequer
A public office, formerly consisting of two divisions, the Exchequer of Receipt, and the Court of Exchequer (q.v.). The former managed the royal revenues, receiving and keeping the moneys due to the Crown, and seeing that the payments out were made on proper authority. These functions are now discharged by the Bank of England, the Treasury, and the Comptroller and Auditor-General.
The Exchequer was anciently known as the Scaccarium, or chess board, from the cloth covering the table. See Chancellor of the Exchequer
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Notice
Definition of Exchequer is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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