Finesentence mobile logo
Sign in Login / Register

Treasurer Meaning: Definition, Examples, and Translations

💰
Add to dictionary

treasurer

[ˈtrɛʒərər ]

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?

arrow down
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 club’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.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

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.

Origin of 'treasurer'

Main points about word origin

  • 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.

The word 'treasurer' originated from the Old French word 'tresorier', which in turn came from the Latin word 'thesaurarius', meaning 'of or pertaining to a treasury'. The role of a treasurer has been important throughout history, dating back to ancient civilizations where treasurers were responsible for managing royal or state finances.

See also: treasure, treasured, treasures, treasury.

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.