Definition:-

• A written grant by a country's legislative or sovereign power, by which a body such as a company, college, or city is founded and its rights and privileges defined. (noun)
• The reservation of an aircraft, boat, or bus for private use. (noun)
• Grant a charter to (a company, college, city, or other body) (transitive verb)
• Reserve (an aircraft, boat, or bus) for private use. (transitive verb)