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Simple English definitions for legal terms
Register of the Treasury
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A quick definition of Register of the Treasury:
Register of the Treasury: A person who works for the U.S. government and keeps track of how much money the government gets and spends. They also keep records of debts and make sure that important documents are saved. They help with registering boats too.
A more thorough explanation:
Definition: The Register of the Treasury is an officer of the U.S. Treasury who has several important duties:
- Keeping accounts of money received and spent by the government
- Recording public debts
- Preserving records of payments made with vouchers and certificates
- Recording warrants drawn on the Treasury
- Signing and issuing government securities
- Supervising the registry of vessels under federal law
For example, if the government spends money on a new road, the Register of the Treasury would record how much money was spent and where it came from. They would also keep track of any debts the government owes and make sure that payments are properly recorded. Additionally, if someone wanted to buy a government bond, the Register of the Treasury would be responsible for issuing the bond and keeping track of who owns it.