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What Does Chartered Mean?

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A Charter is a text drafted by an autonomous legislative or other body, making a public or private institution like a bank, and stating its benefits and uses.

It can also be referred to as written permission from the sovereign authority of a state granting particular rights and benefits to an individual, an institution or the mass.

It can be a text that defines the duties and objectives of a corporation. A charter may be an authorized letter from a central authority to set up a local body.

It may be an authorized document that grants special benefits and protection. A charter can be in the form of a contract or agreement for the industrial hiring of a sea vessel or space on it, as well as an aircraft, usually for a selective set of impermanent voyagers. Lastly, a charter may be a written contract or agreement.

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