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Results for "Chequer"

Chequer

Definition: Chequered stripes, or a checkerboard pattern of marks or markings on clothing, are often seen as an indicator of a person's financial health. Definition: 1. A chequered stripe or checkerboard mark on clothing indicates poor economic status or poor quality of living. 2. The use of cheques as payment is considered fraudulent and illegal in many countries. 3. In banking and finance, cheques are typically used to settle transactions between merchants and clients. 4. Chequebooks, which contain cheques issued by banks, are generally kept at the bank for safekeeping. 5. The process of collecting and distributing cheques is often referred to as a "cheque book".


Chequer

Exchequer

Definition: Exchequer is a type of public or private fund, created by central government for the purpose of collecting and spending revenue from taxes on goods and services. The exact definition depends on the country but generally means: - A governmental fund that collects and spends funds, often raised through taxation or other sources. - A separate fund from which the government can pay its own expenses without increasing public debt levels. In modern times, a "exchequer" is commonly used to denote any budgetary control function in an organization. For example: The "Exchequer Department" of a governmental agency handles the fiscal affairs and collects revenue for the government.


exchequer