Updated on July 09, 2024Table of Contents
Sure, here’s the meaning of the word “charter”:
I hope this definition of the word “charter” is helpful.
What do you mean by charter?
A charter is a formal document that grants certain rights, privileges, or powers to an individual, organization, or institution. It serves as a legal or foundational document that outlines the purposes, rules, and structure of the entity it pertains to, providing a framework for its operations and governance.
What is a charter in history?
In historical contexts, a charter refers to a formal written grant issued by a sovereign or legislative authority, conferring certain rights, privileges, or powers to an individual, organization, or institution. Examples include the Magna Carta, which limited the powers of the king and established certain legal rights in England.
What is a charter in economics?
In economics, a charter refers to the legal authorization given to a company or financial institution to operate and conduct business. For example, a bank’s charter allows it to offer banking services, accept deposits, and make loans. The charter sets out the terms under which the institution operates and is often granted by a governmental or regulatory authority.
What is a synonym for charter?
Synonyms for charter include “constitution,” “grant,” “license,” “document,” “contract,” and “authorization.” These terms reflect the idea of a formal, written agreement that grants specific rights or privileges.
What do you mean by charter member?
A charter member is one of the original members of an organization or group at the time it is founded or officially established. Charter members are often recognized for their role in establishing the organization and may have special status or privileges.
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