subtreasury
/sʌbˈtrɛʒəri/
noun
- A branch or subordinate treasury, especially one that handles funds for a larger treasury system.
- During the 19th century, the subtreasury system helped distribute money to different regions.
- The subtreasury held reserves of gold and silver to support the national currency.
- The federal government established a subtreasury in the city to manage local tax collections.
Synonyms