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Charter |
Definition - Noun [Old French
chartre letter, formal document, from Late Latin
chartula, from Latin, diminutive of
charta sheet of papyrus]
1 a : a grant or guarantee of rights, powers, or privileges from an authority or agency of a state or country <a state bank ~>
compare
constitution b : a written instrument that creates and defines the powers and privileges of a city, educational institution, or corporation
compare
articles of incorporation 2 : a written instrument from the authorities of a society creating a lodge, branch, or chapter
3 : a lease of a ship esp. for the delivery of cargo
Definition - Transitive Verb 1 : to establish, enable, or convey by charter <~ a bank>
2 : to lease or hire for usu. exclusive and temporary use <~ a ship>
Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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