Her Majesty's (HM) Treasury

AAA

DEFINITION of 'Her Majesty's (HM) Treasury'

The United Kingdom's economics and finance ministry, responsible for formulating and implementing financial and economic policy. Her Majesty's Treasury's stated aim is "to raise the rate of sustainable growth and achieve rising prosperity and a better quality of life with economic and employment opportunities for all."

INVESTOPEDIA EXPLAINS 'Her Majesty's (HM) Treasury'

According to the HM Treasury, the Anglo-Saxon Treasury collected taxes (including the danegeld, first levied as a tribute to the Vikings to persuade them - sometimes unsuccessfully - to stay away) and controlled expenditure as far back as 1066. HM Treasury claims that the first "treasurer" was probably "Henry the Treasurer". Henry owned land around Winchester and was referred to in the Domesday Book, a systematic tax assessment of the whole country undertaken by the Treasury.

RELATED TERMS
  1. Treasury Stock (Treasury Shares)

    The portion of shares that a company keeps in their own treasury. ...
  2. UST

    The abbreviation for the United States Treasury. UST is commonly ...
  3. Treasury Secretary

    The Secretary of the Treasury is a member of the Presidential ...
  4. Treasury Budget

    Data released by the U.S. Treasury on a monthly basis that accounts ...
  5. U.S. Treasury

    Created in 1798, the United States Department of the Treasury ...
  6. Economic Justice

    Economic justice is a component of social justice. It's a set ...
Related Articles
  1. Junk Bonds: Everything You Need To Know
    Bonds & Fixed Income

    Junk Bonds: Everything You Need To Know

  2. Start Investing With Only $1,000
    Investing Basics

    Start Investing With Only $1,000

  3. The Advantages Of Bonds
    Investing

    The Advantages Of Bonds

  4. The Money Market: A Look Back
    Bonds & Fixed Income

    The Money Market: A Look Back

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center