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charter party

 - 6 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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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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