exchequer
noun /ɪksˈtʃekə(r)/
/ɪksˈtʃekər/
[singular]- (often the Exchequer)(in the UK in the past) the government department that controlled public money. This department is now called the Treasury. see also Chancellor of the Exchequer
- the public or national supply of money
- This resulted in a considerable loss to the exchequer.
Word OriginMiddle English: from Old French eschequier, from medieval Latin scaccarium ‘chessboard’, from scaccus, via Arabic from Persian šāh ‘king’. The original sense was ‘chessboard’. Current senses derive from the Norman department of state dealing with the royal revenues, named Exchequer from the chequered tablecloth on which accounts were kept using counters. The spelling was influenced by Latin ex- ‘out’.