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charter definition - legal

n

  1. A formal document by which a sovereign or a government grants rights, powers, and privileges to a person, business, or the people.
  2. The highest law of any organization. See also articles of incorporation and by-law.
  3. The lease or rental of an airplane, bus, ship, or similar mode of transportation.
corporate charter
  1. A legislative act that establishes a corporation (including its purpose and basic governing structure) or defines a corporate franchise.
  2. See certificate of incorporation.
  3. See articles of incorporation.
Great Charter

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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