Where Does the Word Exchequer Come from?

Exchequer, in British history, the government department that was responsible for receiving and dispersing the public revenue. The word derives from the Latin scaccarium, “chessboard,” in reference to the checkered cloth on which the reckoning of revenues took place.

What is the Exchequer in England?

The Chancellor of the Exchequer is the government's chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending. He has overall responsibility for the work of the Treasury.

What is also known as the Exchequer?

Exchequer is a British term for the individual in the government who is in charge of the money: the treasurer. Sometimes it refers to the office in which all the money is kept, the treasury itself.