Fisc (Noun)
Meaning
A state treasury or exchequer or a royal treasury; originally the public treasury of Rome or the emperor's private purse.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The ancient Roman Empire's fisc was a powerful institution that controlled the state's finances and revenue collection.
- During the medieval period, the king's fisc was used to fund military campaigns and lavish royal expenditures.
- The modern-day concept of a state treasury owes its origins to the ancient Roman fisc, which was responsible for managing the empire's vast financial resources.
- The monarch's fisc was a key institution in the absolute monarchies of Europe, providing the ruler with a steady stream of revenue to fund their power and prestige.
- The decline of the fisc as a central institution in government marked a significant shift towards more modern forms of public finance and accountability.