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| The '''Exchequer''' was a court in charge of taxes and other obligations to the ], and the collection and management of the royal ]. Hence, it came to mean the ]; and, colloquially, pecuniary possessions in general; as, 'the company's exchequer' is low. | The '''Exchequer''' was a court in charge of taxes and other obligations to the ], and the collection and management of the royal ]. Hence, it came to mean the ]; and, colloquially, pecuniary possessions in general; as, 'the company's exchequer' is low. | ||
| It takes its name from the |
It takes its name from the mediaeval tradition of using a chequered cloth for calculations of accounts. | ||
| Some ]s for private debt were taken to the Court of the Exchequer using a ]. | Some ]s for private debt were taken to the Court of the Exchequer using a ]. | ||
Revision as of 10:37, 1 April 2004
The Exchequer was a court in charge of taxes and other obligations to the King of England, and the collection and management of the royal revenue. Hence, it came to mean the treasury; and, colloquially, pecuniary possessions in general; as, 'the company's exchequer' is low.
It takes its name from the mediaeval tradition of using a chequered cloth for calculations of accounts.
Some civil cases for private debt were taken to the Court of the Exchequer using a legal fiction.
See also: Chancellor of the Exchequer