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Fiscal

FISCAL

Relating to finance or financial matters, such as money, taxes, or public or private revenues.

A fiscal agent is a bank engaged in the business of collecting and disbursing money. Such a bank also serves as a place for the deposit of private and public funds on behalf of others.

A fiscal year is a period of twelve months that does not necessarily correspond with the traditional calendar year. During this time period, appropriations are made and expenditures are authorized. At the end of the year, accounts are composed and the books are balanced. It is an accounting year frequently used by a state or large business, the first day of which is usually April, July, or October 1.

Fiscal officers are those individuals whose role it is to collect and distribute public money, such as state revenues or the revenues of a county or municipal corporation. The title is also used to describe officers in a private corporation who have the duty to oversee financial transactions. Fiscal officers of a corporation include a treasurer and a comptroller.

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fiscal

fis·cal / ˈfiskəl/ • adj. of or relating to government revenue, esp. taxes: monetary and fiscal policy. ∎  of or relating to financial matters: the domestic fiscal crisis. ∎  used to denote a fiscal year: the budget deficit for fiscal 1996. • n. archaic a legal or treasury official in some countries. DERIVATIVES: fis·cal·ly adv.

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fiscal

fiscal XVI. — F. fiscal or L. fiscālis, f. fiscus treasury, orig. rush-basket, purse.

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fiscal

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