noun
- official documents that establish an organization or grant rights and privileges
- the hiring of a vehicle, ship, or aircraft for exclusive use
verb
- to hire a vehicle, ship, or aircraft for exclusive use
- to grant a charter to an organization
Examples
- The university received its charter from the state in 1885.
- Several new charter schools opened in the district this year.
- The company charters private jets for executive travel.
- They chartered a bus for the school field trip.
- The government charters banks that meet specific requirements.
- Corporate charters must be renewed every few years.
- The fishing boat offers day charters for tourists.