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chartered company

   Also found in: Wikipedia 0.05 sec.

chartered company

Type of corporation that evolved in the 16th century in Europe. Under a charter granted by the state's sovereign authority, the company had certain rights and obligations which usually gave it a trading monopoly in a specific geographic area or for a specific type of trade item. In the 17th century, chartered companies were encouraged by the English, French, and Dutch governments to assist trade and encourage overseas exploration. Those companies that formed for trade with the Indies (see English East India Company; Dutch East India Company; French East India Company) and the New World (see Hudson's Bay Company) had the most wide-reaching influence. Some chartered companies were also involved in the settlement of colonists (see London Company; Plymouth Company). Eventually the development of the modern limited-liability company or corporation led to a decline in the importance of chartered companies.



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The federally chartered company buys residential mortgages from lenders, bundles them into securities backed by those mortgages and sells them to investors.
FREDDIE MAC'S MORTGAGE SHIFT PROTECTS CONSUMERS by Daily News (Los Angeles, CA)
Finn is a Chartered Company Secretary and is completing postgraduate studies in marketing at the Chartered Institute of Marketing.
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The properties are owned by partnerships that were organized under a Congressional chartered company to promote affordable housing throughout the United States and the tenants currently have their rents subsidized under Section 8 by HUD.
City of San Francisco Building Department is Sued For Allegedly ... by Business Wire
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