exchequer investment & finance definition

Another name for the U.K. Treasury. The person in the United Kingdom who is responsible for the treasury is the chancellor of the exchequer.

The word exchequer comes from an oblong, cloth-covered table with squares like those on a chequer (checker) board. In times past, the table was used as an abacus using the place value of the squares to tally tax revenues.
ex-dividend  A stock on which the current owner has no right to a declared dividend. When a company declares a dividend, it sets a record date on which a person must hold the stock in order to receive the dividend. When the company sets the record date, the stock exchange set the ex-dividend date, which typically is two business days before the record date. If the stock is purchased on or after its ex-
dividend date, the shareholder is not eligible to receive the next dividend payment. Instead, the dividend payment goes to the seller.