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Encyclopedia > Treasurer

Look up Treasurer in
Wiktionary, the free dictionary.

In many governments, a treasurer is the person responsible for running the treasury. Treasurers are also employed by organizations to look after funds. Wikipedia does not have an article with this exact name. ... Wiktionary (a portmanteau of wiki and dictionary) is a multilingual, Web-based project to create a free content dictionary, available in over 150 languages. ... The term treasury 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 the many buildings put up in Olympia, Greece by competing city-states, to impress each other during the Ancient Olympic Games. ...

Contents

Government

The Treasury of a country is the department responsible for the country's economy, finance and revenue. The Treasurer is generally the head of the Treasury, although, in some countries (such as the U.S. or the UK) the treasurer reports to a Secretary of the Treasury, or Chancellor of the Exchequer. In Australia, the Treasurer is a senior Minister and usually the second most important member of the Government after the Prime Minister. The term treasury 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 the many buildings put up in Olympia, Greece by competing city-states, to impress each other during the Ancient Olympic Games. ... This article does not cite any references or sources. ... Look up revenue in Wiktionary, the free dictionary. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... The United States Secretary of the Treasury is the finance minister of the Federal Government of the United States. ... The Chancellor of the Exchequer is the title held by the British Cabinet minister responsible for all economic and financial matters. ... The Department of the Treasury, Canberra The Australian Treasurer is the minister responsible for government expenditure and revenue raising. ... A minister or a secretary is a politician who holds significant public office in a national or regional government. ... A prime minister is the most senior minister of a cabinet in the executive branch of government in a parliamentary system. ...


Originally the word referred to the person in charge of the treasure of a noble, however it has now moved into wider use. In the UK during the 17th Century, a position of Lord High Treasurer was used on several occasions as the third great officer of the Crown. Now the title First Lord of the Treasury is the official title of the British Prime Minister. For other uses, see Treasure (disambiguation). ... Nobility is a traditional hereditary status (see hereditary titles) that exists today in many countries (mainly present or former monarchies). ... (16th century - 17th century - 18th century - more centuries) As a means of recording the passage of time, the 17th century was that century which lasted from 1601-1700. ... The Lord High Treasurer bears a white staff as his symbol of office. ... Throughout the Commonwealth Realms The Crown is an abstract concept which represents the legal authority for the existence of any government. ... The First Lord of the Treasury is the head of the commission exercising the ancient office of Lord High Treasurer in the United Kingdom, usually but not always the Prime Minister. ... A prime minister is the most senior minister of a cabinet in the executive branch of government in a parliamentary system. ...


Corporate treasurers

In corporations, the Treasurer is the head of the corporate treasury department. They are typically responsible for liquidity risk management, cash management, issuing debt, foreign exchange and interest rate risk hedging, securitization, oversight of pension investment management, capital structure, share issuance and repurchase. They also typically advise the corporation on matters relating to corporate finance. They could also have oversight of other areas, such as the purchase of insurance. Liquidity risk arises from situations in which a party interested in trading an asset cannot do it because nobody in the market wants to trade that asset. ... In United States banking, cash management, or treasury management is a marketing term for certain services offered primarily to larger business customers. ... This article does not cite any references or sources. ... The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. ... Interest rate risk is the risk that the relative value of a security, especially a bond, will worsen due to an interest rate increase. ... It has been suggested that this article or section be merged into Hedge (finance). ... This article is about securitization in finance. ... Investment management is the professional management of various securities (shares, bonds etc) assets (e. ... Capital structure refers to the way a corporation finances itself through some combination of equity, debt, or hybrid securities. ... A Secondary Market Offering is an issuance of stock subsiquent to the Initial Public Offering. ... A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market (open market including insiders holdings). ... Domestic credit to private sector in 2005 Corporate finance is an area of finance dealing with the financial decisions corporations make and the tools and analysis used to make these decisions. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ...


There are various Treasurer associations. The International Group of Treasury Associations (www.igta.org) is comprised of about 30 treasurer's organizations in the world. In Europe, the European Associations of Corporate Treasurers (www.eact-group.com) federates 17 national treasurers associations from 16 countries.


In the Inns of Court

'Master Treasurer' is the title held by the bencher heading the Inn for that year. Combined arms of the four Inns of Court The Inns of Court, in London, are the professional associations to one of which every English barrister (and those judges who were formerly barristers) must belong. ... A bencher or Master of the Bench is a senior member of an Inn of Court. ...


In other organizations

Many other organisations, particularly not-for-profit organisations such as charities, unions, and churches, appoint treasurers, who are responsible for generating income for the group, whether this be through pricing of a product, organising sponsorship, or arranging fundraising events. A nonprofit organization (sometimes abbreviated to not-for-profit, non-profit, or NPO) is an organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. ... // Legal definitions A charity is a trust, company or unincorporated association established for charitable purposes only. ... A trade union or labor union is an organization of individuals associated through employment, or labour. ... For the architectural structure, see Church (building). ... Sponsorship can refer to several concepts: A sponsors support of an event, activity, person, or organization. ...


The treasurer would also be part of the group which would oversee how the money is spent, either directly dictating expenditure or authorising it as required. It is their responsibility to ensure that the organization has enough money to carry out their stated aims and objectives, and that they do not overspend, or underspend. They also report to the board meetings the financial status of the organization to insure checks and balances. Accurate documentation of records must be kept.


See also


  Results from FactBites:
 
Treasure - Wikipedia, the free encyclopedia (263 words)
Treasure is a concentration of riches, often that which is considered lost or forgotten until being rediscovered.
Searching for hidden treasure is a common theme in legend and fiction but real-life treasure hunters exist, and seek lost wealth for a living.
Archaeologists are sometimes described as treasure hunters, especially those from the 19th century, although they themselves rarely wish to be associated with the term.
Treasure Island Location (277 words)
Treasure Island is a 14.5 acre (5.87 Ha.) white coral and sand fringed atoll, surrounded by a protected marine reserve.
Treasure Island was the first marine sanctuary in the Mamanuca's– for this reason, there is an abundance of marine life and coral growth surrounding the island.
Treasure Island is the only Resort in the Mamanuca’s that has a fresh water supply direct from the mainland.
  More results at FactBites »

 

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