charter party

noun

charter (def. 5).

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Origin:
1530–40

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Charter party is always a great word to know.

So is ort. Does it mean:

a chattering or flighty, light-headed person.

a scrap or morsel of food left at a meal.

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Encyclopedia Britannica

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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