Apedia

Fiscal Public Meaning Fiscus Financial Feb Relating March

Word fiscal
Date March 18, 2021
Type adjective
Syllables FISS-kul
Etymology Fiscal derives from the Latin noun fiscus, meaning "basket" or "treasury." In ancient Rome, fiscus was the term for the treasury controlled by the emperor, where the money was literally stored in baskets and was collected primarily in the form of revenue from the provinces. Fiscus also gave English confiscate, which is most familiar as a verb meaning "to seize by or as if by authority," but it can additionally refer to the forfeiting of private property to public use. Today, we often encounter fiscal in "fiscal year," a 12-month accounting period not necessarily coinciding with the calendar year.
Examples "Last year proved enormously successful for many of the largest names in US finance, as volatility and then unprecedented fiscal and monetary support in the engine room of global finance kept bankers and traders busier than at any time since the financial crisis." — Alex Newman, Investors' Chronicle, 8 Feb. 2021

"Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates." — Patti Domm, CNBC, 5 Feb. 2021
Definition 1 : of or relating to taxation, public revenues, or public debt
2 : of or relating to financial matters

Tags: wordoftheday::adjective

Learn with these flashcards. Click next, previous, or up to navigate to more flashcards for this subject.

Next card: Blarney bartender county stone gift skillful story word

Previous card: Prevaricate equivocate lie truth march verb prih-vair-uh-kayt synonyms

Up to card list: Word of the Day