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MIAMI A
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LSDefine
Simple English definitions for legal terms
Exchequer
Read a random definition: nondepository provider of financial services
A quick definition of Exchequer:
Exchequer is a department of the government that collects money for the country. It is also called the treasury department. The name comes from the checkered cloth that was used to tally the king's accounts, like a chessboard. The Court of Exchequer is abbreviated as Ex.
A more thorough explanation:
Definition: Exchequer is a government department responsible for collecting national revenue and managing the treasury. The name comes from the checkered cloth that was used to tally the king's accounts, with sums marked and scored with counters.
Example: The Exchequer is responsible for managing the country's finances, including taxes, customs duties, and other sources of revenue.
Example: The Court of Exchequer is a legal court that deals with financial matters, such as tax disputes and debt collection.
These examples illustrate how the term Exchequer is used to refer to both a government department and a legal court that deal with financial matters. The name comes from the checkered cloth that was used to tally accounts, which is a historical reference to the origins of the term.