Definition

A department or office responsible for managing a country's finances, including collecting taxes and overseeing government funds.

Example

The exchequer announced a new budget plan to improve public services.

Conversation

Have you heard about the changes in the exchequer policies this year?

Yeah, I read something about it; they’re trying to improve how they manage funds.

I think it’s important for the economy to have a strong exchequer to support public services.

Absolutely, it really impacts everyone if they handle it well.

Synonyms & Antonyms

Root Explanation

**Exchequer** → The word originates from Old French *eschequier*, which means a chessboard or a checkered table, derived from Latin *scaccarium* (meaning a chessboard). The term evolved to refer to the treasury or financial department of a government, as the original checkered board was used to keep accounts and calculate finances. Thus, an exchequer is a place where financial accounts are kept and managed.

Memory Tip

Imagine a checkered board used for chess, where each square represents a financial account being calculated. This helps you remember that an exchequer is a place for managing finances.

Visually Confused Words