charter

Intermediate ⚖️ Legal

Definition

An official document from some authority that creates an organization, defines its powers, and grants it permission to exist—think birth certificate for corporations and institutions. Can also refer to leasing a vessel or private jet, because apparently founding governments and renting boats should share terminology. The most expensive piece of paper you'll ever need to start anything official.

Example Usage

The city charter granted the municipality authority to levy taxes and establish local ordinances.

Source: Legal documentation terminology

Related Terms

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See “charter” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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