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Charter party

 - 7 dictionary results

char⋅ter

[chahr-ter]
–noun
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.
–verb (used with object)
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.
–adjective
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.

Origin:
1200–50; ME chartre < OF < L chartul(a) little paper (by assimilation), equiv. to chart(a) (see charta ) + -ula -ule


char⋅ter⋅a⋅ble, adjective
char⋅ter⋅age, noun
char⋅ter⋅er, noun
char⋅ter⋅less, adjective


9. See hire.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Word Origin & History

charter 
c.1250, from O.Fr. chartre "charter," from L. chartula, dim. of charta "paper, document" (see chart). The verb meaning "to hire" is attested from 1806. Charterhouse, the great English public school founded in London in 1611, is a folk etymology from chartreux (see chartreuse); it was founded upon the site of the Carthusian monastery.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

charter

See articles of incorporation.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: charter
Function: transitive verb
1 : to establish, enable, or convey by charter <charter a bank>
2 : to lease or hire for usually exclusive and temporary use <charter a ship>

Main Entry: charter party
Function: noun
: CHARTER 3
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Encyclopedia

charter party

contract by which the owner of a ship lets it to others for use in transporting a cargo. The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer.

Learn more about charter party with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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