Charter Legal Meaning and Definition

Here is a simplified definition of the legal term Charter.

Charter (noun):

  1. A legal document that establishes a corporation or organization, giving it its existence and outlining its rights, privileges, and purposes. It's similar to a written constitution for a company or city.
  2. In the context of corporations, it's often referred to as 'articles of incorporation'. In some states, they use the term 'charter' instead of 'articles of incorporation'.