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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.
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Examples of fiscal in a Sentence
Hema Sivanandam, The Mercury News, 15 Nov. 2024
This follows the initial revenue recognition in the fourth quarter of fiscal 2024.
—Quartz Bot, Quartz, 14 Nov. 2024
Trefis Team, Forbes, 28 Oct. 2024
Its imports from Moscow in the last fiscal until February were nearly 15 times its shipments back to Russia, according to India’s trade ministry data.
—Mimansa Verma, Quartz, 11 May 2023
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Cite this Entry
“Fiscal.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fiscal. Accessed 22 Nov. 2024.
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fiscal
adjective
Adjective
Latin fiscalis, from fiscus basket, treasury
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