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Charter |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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A grant from the government of ownership rights in land to a person, a group of people, or an organization such as a corporation. A basic document of law of a Municipal Corporation granted by the state, defining its rights, liabilities, and responsibilities of self-government. A document embodying a grant of authority from the legislature or the authority itself, such as a corporate charter. The leasing of a mode of transportation, such as a bus, ship, or plane. A charter-party is a contract formed to lease a ship to a merchant in order to facilitate the conveyance of goods. charter n. the name for Articles of Incorporation in some states, as in a corporate charter. CHARTER. A grant made by the sovereign either to the whole people or to a
portion of them, securing to them the enjoyment of certain rights. Of the
former kind is the late charter of France, which extended to the whole
country; the charters which were granted to the different American colonies
by the British government were charters of the latter species. 1 Story,
Const. L. Sec. 161; 1 Bl. Com. 108 Encycl. Amer. Charte Constitutionelle.
CHARTER, mar. contr. An agreement by which a vessel is hired by the owner to another; as A B chartered the ship Benjamin Franklin to C D. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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