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Treasurer: meaning, definitions and examples

๐Ÿ’ฐ
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treasurer

 

[หˆtrษ›ส’ษ™rษ™r ]

Definition

Context #1 | Noun

finance

A treasurer is a person responsible for managing the financial assets of an organization. They oversee the budget, investments, and financial planning.

Synonyms

accountant, controller, financial officer.

Which Synonym Should You Choose?

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Word Description / Examples
treasurer

A treasurer is responsible for managing an organization's funds, including investments, budgets, and financial planning. This role is common in non-profits, clubs, and small organizations.

  • The treasurer presented the annual budget at the charity's board meeting.
  • As the clubโ€™s treasurer, she ensures all dues are collected on time.
financial officer

A financial officer, often called the Chief Financial Officer (CFO), is responsible for the overall financial strategy, planning, and management of an organization. This is a senior executive role in large companies.

  • The financial officer discusses the quarterly financial performance with the executive team.
  • As the financial officer, she plays a key role in merger and acquisition decisions.
accountant

An accountant handles financial records, prepares taxes, and ensures compliance with financial regulations. This role is found in businesses of all sizes.

  • She hired an accountant to manage her business finances and tax filings.
  • The accountant prepared the year-end financial statements for the company.
controller

A controller oversees accounting operations, financial reporting, and internal controls within an organization. This role is typically found in larger companies.

  • The controller ensures that all financial reports are accurate and submitted on time.
  • He was promoted to controller after ten years of working in the company's finance department.

Examples of usage

  • The treasurer presented the annual financial report to the board.
  • The treasurer is in charge of ensuring that the organization's funds are used wisely and responsibly.
  • The treasurer plays a key role in decision-making regarding financial matters.

Interesting Facts

Etymology

  • The word comes from the Old French 'tresorier,' meaning 'to treasure or keep money safe.'
  • Its roots trace back to the Latin 'thesaurarius,' which means 'keeper of treasures.'
  • Historically, the role has evolved from being a guardian of physical treasures to managing finances for organizations.

Historical Origins

  • In medieval times, treasurers played a key role in royal courts, managing the assets and wealth of the crown.
  • The first recorded treasurer in England was the 'Royal Treasurer,' established in 1154 under King Henry II.
  • Ancient civilizations, like the Egyptians, had officials overseeing grain and gold, resembling the duties of modern treasurers.

Finance

  • The role includes responsibilities like budgeting, tracking expenses, and reporting on financial health.
  • Many organizations have both a treasurer and a finance committee to ensure transparency and accountability.
  • In non-profits, the treasurer often ensures that donations are used effectively and reports to stakeholders.

Pop Culture

  • In many movies or books, the treasurer is depicted as a shrewd character, often involved in schemes around money.
  • Popular video games, like 'Monopoly', involve players taking on treasury roles managing finances and properties.
  • The character of a treasurer can often be seen as the voice of reason when it comes to financial decisions in stories.

Roles in Organizations

  • The treasurer is a crucial member of the board, ensuring financial stability and compliance with laws.
  • Many professional associations emphasize the role of the treasurer in planning and executing long-term financial strategies.
  • Educational institutions often have student treasurers who manage funds for events, teaching practical financial skills.

Translations

Translations of the word "treasurer" in other languages:

๐Ÿ‡ต๐Ÿ‡น tesoureiro

๐Ÿ‡ฎ๐Ÿ‡ณ เค•เฅ‹เคทเคพเคงเฅเคฏเค•เฅเคท

๐Ÿ‡ฉ๐Ÿ‡ช Schatzmeister

๐Ÿ‡ฎ๐Ÿ‡ฉ bendahara

๐Ÿ‡บ๐Ÿ‡ฆ ัะบะฐั€ะฑะฝะธะบ

๐Ÿ‡ต๐Ÿ‡ฑ skarbiec

๐Ÿ‡ฏ๐Ÿ‡ต ไผš่จˆไฟ‚

๐Ÿ‡ซ๐Ÿ‡ท trรฉsorier

๐Ÿ‡ช๐Ÿ‡ธ tesorero

๐Ÿ‡น๐Ÿ‡ท veznedar

๐Ÿ‡ฐ๐Ÿ‡ท ํšŒ๊ณ„ ๋‹ด๋‹น์ž

๐Ÿ‡ธ๐Ÿ‡ฆ ุฃู…ูŠู† ุงู„ุตู†ุฏูˆู‚

๐Ÿ‡จ๐Ÿ‡ฟ pokladnรญk

๐Ÿ‡ธ๐Ÿ‡ฐ pokladnรญk

๐Ÿ‡จ๐Ÿ‡ณ ่ดขๅŠกไธป็ฎก

๐Ÿ‡ธ๐Ÿ‡ฎ blagajnik

๐Ÿ‡ฎ๐Ÿ‡ธ gjaldkeri

๐Ÿ‡ฐ๐Ÿ‡ฟ า›ะฐะทั‹ะฝะฐัˆั‹

๐Ÿ‡ฌ๐Ÿ‡ช แƒ›แƒ แƒ˜แƒชแƒฎแƒแƒ•แƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ xษ™zinษ™dar

๐Ÿ‡ฒ๐Ÿ‡ฝ tesorero

Word Frequency Rank

With rank #4,009, this word represents useful upper-intermediate vocabulary. Understanding and using it will help you express more complex ideas effectively.