DE SCACCARIO Meaning and
Definition
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De Scaccario is a Latin term that translates to "Of the Exchequer" or "From the Exchequer" in English. It refers to a historical financial institution in medieval England that played a crucial role in the royal administration and the collection of taxes.
De Scaccario was established during the reign of King Henry I in the 12th century, and it served as the central accounting and auditing body of the government. It was responsible for maintaining the financial accounts of the Crown, calculating and collecting revenues, and ensuring the proper management of the royal finances. De Scaccario also supervised the payment of debts owed to the king and managed the accounts of various royal estates.
The officials who worked in De Scaccario were known as the Barons of the Exchequer, and they held significant authority and responsibility in the financial administration of the kingdom. They were responsible for examining and approving financial records, conducting audits, and settling disputes related to taxation and revenue collection.
De Scaccario had a distinctive system of accounting called the "tally system," which involved the use of notched and split wooden sticks (known as tallies) to record financial transactions. This unique method helped in keeping accurate records and preventing fraud or tampering.
Although the institution of De Scaccario became less significant in later centuries, its historical importance cannot be underestimated. The practices and procedures developed by De Scaccario laid the groundwork for modern financial management and governmental accounting systems.
Common Misspellings for DE SCACCARIO
- se scaccario
- xe scaccario
- ce scaccario
- fe scaccario
- re scaccario
- ee scaccario
- dw scaccario
- ds scaccario
- dd scaccario
- dr scaccario
- d4 scaccario
- d3 scaccario
- de acaccario
- de zcaccario
- de xcaccario
- de dcaccario
- de ecaccario
- de wcaccario
- de sxaccario
- de svaccario
Etymology of DE SCACCARIO
The word de scaccario has its origins in Latin and Old French.
The Latin term scaccarium is derived from the Greek word skáchara meaning chessboard. In medieval Latin, it came to refer specifically to the exchequer or the financial department of the royal household in England. It was the place where accounts were audited and debts were collected.
The word de in Latin translates to of or from. In this case, it denotes possession or relation. Thus, de scaccario can be understood to mean of the exchequer or related to the exchequer.
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