Eng. law. An ancient court of record set up by William the
Conqueror. It is called exchequer from the chequered cloth, resembling a
chesshoard, which covers the table there. 3 Bl. Com. 45. It consists of two
divisions, the receipt of the exchequer, which manages the royal revenue,
and the court, or judicial part of it, which is again divided into a court
of equity, and a court of common law. Id. 44.
2. In this court all personal actions may be brought, and suits in equity
commenced, the plaintiff in both (fictitiously for the most part) alleging
himself to be the kings debtor, in order to give the court jurisdiction of
the cause. Wooddes. Lect. 69. But by stat. 2 Will. IV. c. 39, s. 1, a
change has been made in this respect.
Source: Bouviers Law Dictionary 1856 Edition
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