The word "charter" refers to a formal document that outlines the rights, privileges, or responsibilities assigned to an organization or an individual. It is often used in the context of a company or institution, providing them with the authority to operate. For example, a charter can be used to establish a corporation or a city's government. Additionally, it can refer to the act of renting or leasing a vehicle, such as a bus or boat, for a specific purpose or period of time.
The word "charter" originates from the Middle English "chartere," which comes from the Old French "charte," and from the Latin "charta" meaning "paper" or "leaf." The term has roots in Ancient Greek "khartes," which denotes a piece of papyrus or paper.