charter legal definition

noun

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