CHARTER

Charter

A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified. It is implicit that the granter retains superiority, and that the recipient admits a limited status within the relationship, and it is within that sense that charters were historically granted, and that sense is retained in modern usage of the term. Also, charter can simply be a document giving royal permission to start a colony.

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charter

Noun

  1. A document issued by some authority, creating a public or private institution, and defining its purposes and privileges.
  2. A similar document conferring rights and privileges on a person, corporation etc.
  3. A contract for the commercial leasing of a vessel, or space on a vessel.
  4. the temporary hiring or leasing of a vehicle.
  5. A deed.
  6. A special privilege, immunity, or exemption.

Verb

  1. To grant or establish a charter.
  2. To lease or hire something by charter.

Adjective

  1. Leased or hired.


The above text is a snippet from Wiktionary: charter
and as such is available under the Creative Commons Attribution/Share-Alike License.

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