char·ter 1 n [Old French chartre letter, formal document, from Late Latin chartula, from Latin, diminutive of charta sheet of papyrus]
1 a: a grant or guarantee of rights, powers, or privileges from an authority or agency of a state or country
a state bank charter compare constitution
b: a written instrument that creates and defines the powers and privileges of a city, educational institution, or corporation compare articles of incorporation
2: a written instrument from the authorities of a society creating a lodge, branch, or chapter
3: a lease of a ship esp. for the delivery of cargo – called also charter party;
charter 2 vt
1: to establish, enable, or convey by charter
charter a bank
2: to lease or hire for usu. exclusive and temporary use
charter a ship
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.