Dictionary of Banking Terms: charter
charter
legal authorization to conduct business as a bank or thrift institution, granted by the comptroller of the currency for national banks, the office of thrift supervision for federal savings banks, and state banking departments for state-chartered banks. Among requirements for charter approval are competent management, a commitment to the local community, and ability to obtain deposit insurance.
Dictionary of Business Terms: charter
charter
Law: document issued by a government establishing a corporate entity. Many kinds of organizations-including cities-are chartered. See also articles of incorporation; certificate of incorporation.
Transportation: hire a vehicle, usually for exclusive use.
