The term 'STATE OR ROYAL TREASURY' can be summarized by the four-letter word 'FISC, ' which is an abbreviation for a public treasury or exchequer. A FISC is a government department responsible for collecting taxes and managing public funds. It is also responsible for issuing currency, regulating the economy, and providing financial services to the public. In some countries, the FISC is also responsible for managing the state's debt.