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treasury

 
Dictionary: treas·ur·y   (trĕzh'ə-rē) pronunciation
n., pl., -ies.
  1. A place in which treasure is kept.
    1. A place in which private or public funds are received, kept, managed, and disbursed.
    2. Such funds or revenues.
  2. A collection of literary or artistic treasures: a treasury of English verse.
  3. Treasury
    1. The department of a government in charge of the collection, management, and expenditure of the public revenue.
    2. A security, such as a note, issued by the U.S. Treasury.

[Middle English tresorie, from Old French, from tresor, treasure. See treasure.]


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Thesaurus: treasury
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noun

    A place where one keeps one's valuables: treasure house. See keep/release.

1. Room or building in which precious objects are preserved.

2. Building housing the Department of State collecting and managing public revenue.

Law Dictionary: Treasury
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The subdivision of a government, corporation, or other entity that is responsible for its financial affairs. The United States Department of the Treasury includes the Bureau of Alcohol, Tobacco and Firearms, the Office of the Comptroller of the Currency, the United States Customs Service, the Bureau of Engraving and Printing, the Federal Law Enforcement Training Center, the Bureau of Government Financial Operations, the Internal Revenue Service, the Bureau of the Mint, the Bureau of the Public Debt, the United States Savings Bond Division, and the United States Secret Service. The basic functions of the Department of the Treasury are to develop and propose national and international economic and tax policies; to serve as the government's financial agent, to collect taxes, to disburse funds, and to manage the public debt; to produce currency and coins; and to enforce specific groups of laws.

Word Tutor: treasury
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pronunciation

IN BRIEF: The federal department that collects revenue and administers federal finances.

pronunciation The riches of a kingdom do not consist so much in the fullness of its treasury as in the fertility of its soil and the industry of its people. — Unknown

Wikipedia: Treasury
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Not to be confused with The Treasury

A treasury is any place where the currency or items of high monetary value (rubies, diamonds, etc.) 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. In Ancient Greece treasuries were almost always physically incorporated within religious buildings such as temples, thus making state funds sacrosanct and adding moral constraints to the penal ones to those who would have access to these funds.

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.

Contents

Examples of treasuries

Treasury

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.

Ministry of Finance

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, Bangladesh, India and Japan.

In some other countries, a "Treasury" will exist alongside a separate "Ministry of Finance", with divided functions.

Both

In Australia a Treasurer and a Finance Minister co-exist. The Treasury is responsible for drafting the government budget, economic policy (except monetary policy), some market regulation and revenue policy (which is administed by the Australian Taxation Office). The Finance Minister, who manages the Department of Finance and Deregulation is responsible for government administration, government expenditure, and some market deregulation.

The government of Poland includes the Ministry of Finance as well as the Ministry of State Treasury. It was the same in Italy before the creation of the united Ministry of Economy.

See also



Translations: Treasury
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Dansk (Danish)
n. - skatkammer, finanshovedkasse, finansministerium

Nederlands (Dutch)
ministerie van financiën (ongeveer), schatkamer, schatkist

Français (French)
n. - trésorerie, Trésor, musée, (fig) trésor

Deutsch (German)
n. - Staatskasse, Schatzkammer, Schatztruhe, Schatzamt, Finanzverwaltung

Ελληνική (Greek)
n. - (Βρετ.) Υπουργείο Θησαυροφυλακίου, θησαυροφυλάκιο, Δημόσιο Ταμείο, Υπουργείο Οικονομικών

Italiano (Italian)
tesoro, fisco

Português (Portuguese)
n. - tesouraria (f)

Русский (Russian)
казначейство, казна, собрание стихов

Español (Spanish)
n. - erario, hacienda, tesoro, fisco, tesorería

Svenska (Swedish)
n. - kassa, skattkammare

中文(简体)(Chinese (Simplified))
国库, 国库券, 宝库

中文(繁體)(Chinese (Traditional))
n. - 國庫, 國庫券, 寶庫

한국어 (Korean)
n. - 보고, 국고, 기금

日本語 (Japanese)
n. - 国庫, 公庫, 基金, 宝庫, 宝典, 財務省, 大蔵省

العربيه (Arabic)
‏(الاسم) مال, أموال, خزانه, خزينه‏

עברית (Hebrew)
n. - ‮גזברות, בית-אוצר, קופה, אוצר, משרד האוצר‬


 
 
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