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exchequer

ex·cheq·uer [ iks chékər ]


noun 
Definition:
 
1. government department collecting taxes: formerly in the United Kingdom and some other countries, the government department responsible for collecting taxes and managing public spending

2. government funds: a national treasury or account, especially the U.K. government's account at the Bank of England, or the assets in it

[13th century. < Old French eschequier "counting table, chessboard" < eschec "check"; from the custom of counting royal revenue on a checked tablecloth]
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