President
Part of speech: noun
Definition: The head of state of a republic, a representative democracy and sometimes (in cases of constitutional violations) a dictatorship. The primary leader of a corporation. Not to be confused with CEO, which is a related but separate position that is sometimes held by a different person.
Example sentence: I do not like broccoli. And I haven't liked it since I was a little kid and my mother made me eat it. And I'm President of the United States and I'm not going to eat any more broccoli.
Chancellor
Part of speech: noun
Definition: A judicial court of chancery, which in England and in the United States is distinctively a court with equity jurisdiction.
Example sentence: If you are a rich person straining every sinew to keep every last pound in your pocket, there comes a point when you realize you are not just escaping the clutches of the Chancellor of the Exchequer. You are passing a greater burden on to people poorer than yourself, and depriving even poorer people of your support.