It's Merriam-Webster's Word of the Day for March 28th.
Today's word is fiscal, spelled F-I-S-C-A-L.
Fiscal is an adjective.
It 's used to describe things relating to money and especially to the money a government,
and demonstrate fiscal responsibility.
business, or organization earns, spends, and owes.
The word fiscal comes from the Latin noun fiscus, meaning basket or treasury.
Here's the word used in a sentence from the Daily News of Batavia, New York.
In ancient Rome, fiscus was the term for the treasury controlled by the emperor,
which is most familiar as a verb, meaning to seize by or as if by authority.
The town of Java has received exemplary audits from the state controller's office while continuing to streamline government
where the money was literally stored in baskets and was collected primarily in the form of revenue from the provinces.
Fiscus also gave us the English word confiscate,
But can additionally refer to the forfeiting of private property for public use.
a 12-month accounting period, not necessarily coinciding with the calendar year.
Today, we often encounter fiscal in fiscal year,
With your Word of the Day, I'm Peter Sokolowski.
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