REGIE

RĂ©`gie", n. [F.]

1. Direct management of public finance or public works by agents of the government for government account; -- opposed to the contract system.

2. Specif.: The system of collecting taxes by officials who have either no interest or a very small interest in the proceeds, as distinguished from the ancient system of farming them out.

3. Any kind of government monopoly (tobacco, salt, etc.) used chiefly as a means of taxation. Such monopolies are largely employed in Austria, Italy, France, and Spain.

Source: Webster’s Unabridged Dictionary 1913 Edition



RESET




Word of the Day

27 April 2024

GREAT

(adjective) remarkable or out of the ordinary in degree or magnitude or effect; “a great crisis”; “had a great stake in the outcome”


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Coffee Trivia

There are more than 50 countries that export coffee. They are near the equator, where the climate is conducive to producing coffee beans.

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