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In western Europe, the title of holders of numerous offices of varying importance, ultimately political in nature. The prime ministers of Germany and Austria are called chancellors. In Britain the chancellor of the Exchequer is the cabinet member in charge of finance. In the U.S. the title is used mainly for the chief administrators of universities.
This entry comes from Encyclopædia Britannica Concise. For the full entry on chancellor, visit Britannica.com.