Audio Help [chahr-ter] Pronunciation Key | 1. | a document, issued by a sovereign or state, outlining the conditions under which a corporation, colony, city, or other corporate body is organized, and defining its rights and privileges. |
| 2. | (often initial capital letter ) a document defining the formal organization of a corporate body; constitution: the Charter of the United Nations. |
| 3. | authorization from a central or parent organization to establish a new branch, chapter, etc. |
| 4. | a grant by a sovereign power creating a corporation, as the royal charters granted to British colonies in America. |
| 5. | Also called charter party. a contract by which part or all of a ship is leased for a voyage or a stated time. |
| 6. | a tour, vacation, or trip by charter arrangement: The travel agency is offering charters to Europe and the Caribbean. |
| 7. | special privilege or immunity. |
| 8. | to establish by charter: to charter a bank. |
| 9. | to lease or hire for exclusive use: The company will charter six buses for the picnic. |
| 10. | to give special favor or privilege to. |
| 11. | of or pertaining to a method of travel in which the transportation is specially leased or hired for members of a group or association: a charter flight to Europe. |
| 12. | that can be leased or hired for exclusive or private use: a charter boat for deep-sea fishing. |
| 13. | done or held in accordance with a charter: a charter school. |
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
Charter
To learn more about Charter visit Britannica.com
| © 2008 Encyclopædia Britannica, Inc. |
| char·ter
Audio Help (chär'tər) Pronunciation Key
n.
adj. Of, relating to, or being an arrangement in which transportation is leased by a group of travelers for their exclusive, temporary use. tr.v. char·tered, char·ter·ing, char·ters
[Middle English chartre, from Old French, from Latin chartula, diminutive of charta, paper made from papyrus; see card1.] char'ter·er n. |
| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
charter
| Online Etymology Dictionary, © 2001 Douglas Harper |
| charter | |
noun | |
| 1. | a document incorporating an institution and specifying its rights; includes the articles of incorporation and the certificate of incorporation |
| 2. | a contract to hire or lease transportation |
verb | |
| 1. | hold under a lease or rental agreement; of goods and services [syn: rent] |
| 2. | grant a charter to |
| 3. | engage for service under a term of contract; "We took an apartment on a quiet street"; "Let's rent a car"; "Shall we take a guide in Rome?" [syn: lease] |
| WordNet® 3.0, © 2006 by Princeton University. |
charter [ˈtʃaːtə] noun
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Example: The travel company had chartered three aircraft for their holiday flights.
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| Kernerman English Multilingual Dictionary, © 2000-2006 K Dictionaries Ltd. |
Charter
A legal document that provides for the creation of a corporate entity. A corporation's charter is issued by either a federal or a regional government and effectively creates a legal entity out of the business, which existed only as a partnership, sole proprietorship or similar business before incorporating.
Also referred to as "articles of incorporation".
Investopedia Commentary
A corporation's charter, once issued by the government of jurisdiction, will vary in structure depending on the country in which it's issued. However, most charters usually include the corporation's name, the location of its head office, the date of incorporation, the amount/type of stock to be issued and any restrictions on areas of business activity or further share issuances.
Related Links
The Basics Of Corporate Structure
Policing The Securities Market: An Overview Of The SEC
See also: Articles of Incorporation, Authorized Stock, Corporation, General Partner, Limited Partnership - LP, Partnership, Sole Proprietorship
Also spelled: charters, chartered, articles of incorporation
| Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc. |
charter
| Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. |
Main Entry: char·ter
Function: noun
Etymology: Old French chartre letter, formal document, from Late Latin chartula, from Latin, diminutive of chartasheet 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 charter> —compare CONSTITUTION b : a written instrument that creates and defines the powers and privileges of a city, educationalinstitution, or corporation —compare ARTICLES OF INCORPORATION
2 : a written instrumentfrom the authorities of a society creating a lodge, branch, or chapter
3 : a lease of a ship esp. for the delivery of cargo called also charter party
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
Main Entry: char·ter
Function: noun
Etymology: Old French chartre letter, formal document, from Late Latin chartula, from Latin, diminutive of chartasheet 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 charter> —compare CONSTITUTION b : a written instrument that creates and defines the powers and privileges of a city, educationalinstitution, or corporation —compare ARTICLES OF INCORPORATION
2 : a written instrumentfrom the authorities of a society creating a lodge, branch, or chapter
3 : a lease of a ship esp. for the delivery of cargo called also charter party
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
Main Entry: charter
Function: transitive verb
1 : to establish, enable, or convey by charter <charter a bank>
2 : to lease or hire forusually exclusive and temporary use <charter a ship>
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
Main Entry: charter
Function: transitive verb
1 : to establish, enable, or convey by charter <charter a bank>
2 : to lease or hire forusually exclusive and temporary use <charter a ship>
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
Charter Oak, IA (city, FIPS 12900) Location: 42.06791 N, 95.58911 W
Population (1990): 497 (267 housing units)
Area: 1.3 sq km (land), 0.0 sq km (water)
Zip code(s): 51439
Charter Oak, CA (CDP, FIPS 12734) Location: 34.10240 N, 117.85385 W
Population (1990): 8858 (3382 housing units)
Area: 2.3 sq km (land), 0.0 sq km (water)
| U.S. Gazetteer, U.S. Census Bureau |
Charter
Chart\, n. [A doublet of card: cf. F. charte charter, carte card. See Card, and cf. Charter.]1. A sheet of paper, pasteboard, or the like, on which information is exhibited, esp. when the information is arranged in tabular form; as, an historical chart. 2. A map; esp., a hydrographic or marine map; a map on which is projected a portion of water and the land which it surrounds, or by which it is surrounded, intended especially for the use of seamen; as, the United States Coast Survey charts; the English Admiralty charts. 3. A written deed; a charter. Globular chart, a chart constructed on a globular projection. See under Globular. Heliographic chart, a map of the sun with its spots. Mercator's chart, a chart constructed on the principle of Mercator's projection. See Projection. Plane chart, a representation of some part of the superficies of the globe, in which its spherical form is disregarded, the meridians being drawn parallel to each other, and the parallels of latitude at equal distances. Selenographic chart, a map representing the surface of the moon. Topographic chart, a minute delineation of a limited place or region.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Charter
Char"ter\, n. [OF. chartre, F. chartre, charte, fr. L. chartula a little paper, dim. of charta. See Chart, Card.]1. A written evidence in due form of things done or granted, contracts made, etc., between man and man; a deed, or conveyance. [Archaic] 2. An instrument in writing, from the sovereign power of a state or country, executed in due form, bestowing rights, franchises, or privileges. The king [John, a.d. 1215], with a facility somewhat suspicious, signed and sealed the charter which was required of him. This famous deed, commonly called the "Great Charter," either granted or secured very important liberties and privileges to every order of men in the kingdom. --Hume. 3. An act of a legislative body creating a municipal or other corporation and defining its powers and privileges. Also, an instrument in writing from the constituted authorities of an order or society (as the Freemasons), creating a lodge and defining its powers. 4. A special privilege, immunity, or exemption. My mother, Who has a charter to extol her blood, When she does praise me, grieves me. --Shak. 5. (Com.) The letting or hiring a vessel by special contract, or the contract or instrument whereby a vessel is hired or let; as, a ship is offered for sale or charter. See Charter party, below. Charter land (O. Eng. Law), land held by charter, or in socage; bookland. Charter member, one of the original members of a society or corporation, esp. one named in a charter, or taking part in the first proceedings under it. Charter party [F. chartre partie, or charte partie, a divided charter; from the practice of cutting the instrument of contract in two, and giving one part to each of the contractors] (Com.), a mercantile lease of a vessel; a specific contract by which the owners of a vessel let the entire vessel, or some principal part of the vessel, to another person, to be used by the latter in transportation for his own account, either under their charge or his. People's Charter (Eng. Hist.), the document which embodied the demands made by the Chartists, so called, upon the English government in 1838.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
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