Treasury


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Treasury

US Department of the Treasury, which issues all Treasury bonds, notes, and bills as well as overseeing agencies. Also, the department within a corporation that oversees its financial operations including the issuance of new shares.

Treasury

1. The department of the federal government responsible for the printing of money, the collection of taxes, the regulation of banks, and the management of public debt. Created in 1789, the Treasury issues Treasury securities, which is debt that the American government uses to pay for some of its functions. It also administers the Internal Revenue Service, which collects taxes and decides how tax laws and regulations are enforced, and the U.S. Mint, which prints and disburses currency. The Treasury Department is responsible for investigating and prosecuting certain financial crimes, such as tax evasion and counterfeiting. It is headed by the Secretary of the Treasury, who is appointed by the President with the consent of the Senate.

2. See: U.S. Treasury Security.

treasury

  1. the department within a firm which is responsible for managing the firm's finances, making arrangements to collect cash speedily from debtors; profitably invest any short-term cash surpluses; and arrange with lenders to cover any short-term cash shortages. In large multidivisional companies the treasury department may also arrange to transfer cash from company divisions earning surpluses to divisions experiencing liquidity problems so as to minimize external borrowings. In MULTINATIONAL ENTERPRISES the treasury department may also transfer funds between countries and convert currencies in order either to minimize the risk of losses or to take advantage of possible windfall gains from EXCHANGE RATE changes.
  2. the Treasury, the UK government department responsible for managing the government's finances, authorizing the expenditure plans of government DEPARTMENTS, and overseeing the tax-gathering work of the INLAND REVENUE and CUSTOMS AND EXCISE. In addition the Treasury advises the Chancellor of the Exchequer on the government's annual Budget. See BUDGET (GOVERNMENT).

Treasury

the UK government department responsible for managing the government's finances, authorizing expenditure plans for various government departments such as Health, Education and Defence, and overseeing the tax-gathering work of the INLAND REVENUE and CUSTOMS AND EXCISE. In addition, the Treasury prepares forecasts of future economic activity levels and advises the CHANCELLOR OF THE EXCHEQUER on the government's annual budget.
References in periodicals archive ?
Treasury would receive requests by phone, fax or email to make electronic payments, be forced to sift through each one and finally re-enter the information into the electronic payment solution for approval.
Treasury Secretary Snow had to acknowledge in the May 2006 report that ".
On November 1, 2005, the President's Advisory Panel on Tax Reform presented its recommendations to Treasury Secretary John Snow, who called the panel's report a "starting point.
The intent of the Patriot Act and the desire of the Treasury Department is to protect the financial system from infiltration by those who would launder money to hide criminal actions or to finance terror," said Taylor Griffin, U.
The IRS and Treasury are considering whether the minimum-fee requirement (discussed below) should be eliminated as to listed transactions.
Treasury bills has dropped below the rates doled out for certificates of deposit at your local bank.
Cohen said that a main goal of the Treasury was neutrality--companies doing business over the Internet should not pay more or less tax than their competitors doing business through traditional venues.
The new bonds would offer returns that would rise and fall in line with inflation - a feature the Treasury said should make Americans more willing to buy government bonds to pay for their retirement or their children's education.
SAN FRANCISCO, June 15 /PRNewswire/ -- Investors who have Treasury notes and bond certificates issued before 1986 can now, for the first time, put their holdings into the U.
In this role, Merritt will head the Bank's new department, which is focused on developing and introducing treasury and cash management services to the Bank's growing commercial clientele.
In essence, this is what treasury reports on the weekly executive dashboard.