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Treasury

Dictionary of Terms and Phrases Used in American or English Jurisprudence · Benjamin Vaughan Abbott · 1879

Dictionary of Terms and Phrases Used in American or English Jurisprudence

An establishment, office, or place for the safe keeping of moneys. And the word is often used metaphorically for the supply of money at command for an enterprise or association, without meaning to import that there is any distinct place for keeping them; thus, one might say of a corporation that there were ample funds in its treasury, meaning under its control, though perhaps kept in an ordinary bank account. As a branch of the United States government, the department of the treasury under the general charge of the secretary of the treasury has the collection, custody, and disbursement of the national revenues. Under the British government, the lords commissioners of the treasury form the department of state under whose control the royal revenue is administered.