IPA: /ˈtʃænsələr/
KK: /ˈtʃæn.sə.lər/
A high-ranking official or leader, often responsible for important decisions in government or organizations, such as a university or court.
The chancellor announced new policies to improve education in the country.
Chancellor → It is derived from the Latin "cancellarius" (meaning a doorkeeper or secretary), which comes from "cancelli" (meaning lattice or grating). The term originally referred to a person who managed access to a court or office, thus evolving into a high-ranking official role.
Think of a 'doorkeeper' ('cancellarius') who manages access to important matters — that's why a chancellor is a high-ranking official.