1. the treasury of a nation or organization
Usage: formal
2. the government department responsible for collecting and managing public revenues
Usage: British; historical

Examples

• The war had drained the royal exchequer of funds.
• Parliament voted to allocate money from the exchequer for infrastructure projects.
• The Chancellor of the Exchequer announced new tax policies.
• The exchequer was nearly empty after years of poor financial management.
• Funds from the national exchequer were used to support the relief effort.
• The medieval exchequer kept detailed records of all royal revenues.