AskDefine | Define treasury

Dictionary Definition

treasury

Noun

1 the funds of a government or institution or individual [syn: exchequer]
2 the government department responsible for collecting and managing and spending public revenues
3 the British cabinet minister responsible for economic strategy [syn: First Lord of the Treasury]
4 the federal department that collects revenue and administers federal finances; the Treasury Department was created in 1789 [syn: Department of the Treasury, Treasury Department, United States Treasury]
5 a depository (a room or building) where wealth and precious objects can be kept safely

User Contributed Dictionary

see Treasury

English

Pronunciation

Etymology

From tresorie (French: trésorie)

Noun

  1. a place where treasure is stored safely
  2. a place where state or royal money and valuables are stored
  3. a collection or artistic or literary works

Related terms

Translations

place where state or royal money and valuables are stored

Extensive Definition

For the U.S. government securities, see Treasury security. Also see treasury management.
For the defunct chain of discount stores owned by JCPenney, see Treasury Stores.
A treasury is any place where the currency or items of high monetary value are kept. The term was first used in Classical times to describe the votive buildings erected to house gifts to the gods, such as the Siphnian Treasury in Delphi or many similar buildings erected in Olympia, Greece by competing city-states to impress others during the ancient Olympic Games.
The head of a Treasury is typically known as a Treasurer. This position may not necessarily have the final control over the actions of the Treasury particularly if they are not an elected representative.

Examples of treasuries

In the United Kingdom, Her Majesty's Treasury is overseen by the Chancellor of the Exchequer. The traditional honorary title of First Lord of the Treasury is held by the Prime Minister. Her Majesty's Revenue and Customs administers the taxation system.
In the United States, the Treasurer reports to an executive-appointed Secretary of the Treasury. The IRS is the revenue agency of the US Department of Treasury.
In many other countries, the treasury is called the Ministry of Finance and the head is known as the Finance Minister. Examples include New Zealand, Canada, Malaysia, Singapore and Japan.
In Australia a Treasurer and a Finance Minister co-exist. The Treasurer is responsible for drafting the government budget and coordinating government expenditure. The Finance Minister is responsible for government policy guidelines for commonwealth, statutory authorities, and superannuation policies.

External links

treasury in Bulgarian: Хазна
treasury in German: Treasury
treasury in Spanish: Tesorería
treasury in French: Trésor public
treasury in Dutch: Treasury
treasury in Japanese: 国庫
treasury in Portuguese: Tesouraria
treasury in Russian: Казна
treasury in Vietnamese: Kho bạc

Synonyms, Antonyms and Related Words

Fort Knox, Golconda, abundance, account, accumulation, advise, amassment, appraise, archives, armory, arsenal, attend, attic, available funds, backlog, balance in hand, bank, basement, bay, bin, bonded warehouse, bookcase, box, budget, bunker, bursary, buttery, cache, care for, cargo dock, cash, cash in hand, cash register, cash supply, cashbox, cellar, chest, closet, coffer, coin box, collection, collogue, commissariat, commissary, conduct, confab, confabulate, conservatory, consider, consult, cornucopia, crate, crib, cumulation, cupboard, deal with, deliberate, depositary, depository, depot, do with, dock, doctor, drawer, dump, eldorado, estimate, evaluate, exchequer, fisc, funds, gallery, glory hole, go treat, godown, gold depository, gold mine, handle, heap, hoard, hold, huddle, hutch, immediate resources, inventory, larder, library, liquid assets, locker, lumber room, lumberyard, magasin, magazine, manage, mass, material, materials, materiel, mine, money chest, money in hand, moneys, munitions, museum, nurse, parley, penny bank, piggy bank, pile, play, plenitude, plenty, pork barrel, powwow, provisionment, provisions, public crib, public till, public treasury, public trough, rack, rate, rations, ready money, reason, regard, repertoire, repertory, repository, reservoir, resources, respect, rick, safe, safe-deposit box, serve, set up, shelf, shout, stack, stack room, stake, stand, stand treat, stock, stock room, stock-in-trade, stockpile, storage, store, storehouse, storeroom, stores, strong room, strongbox, study, subtreasury, supplies, supply base, supply depot, supply on hand, take, tank, the ready, think, till, treasure, treasure house, treasure room, treasure trove, treasure-house, treat, use, value, vat, vault, warehouse, weigh, wield, wine cellar
Privacy Policy, About Us, Terms and Conditions, Contact Us
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2
Material from Wikipedia, Wiktionary, Dict
Valid HTML 4.01 Strict, Valid CSS Level 2.1