Charter

A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified. It is implicit that the granter retains superiority (or sovereignty), and that the recipient admits a limited (or inferior) status within the relationship, and it is within that sense that charters were historically granted, and that sense is retained in modern usage of the term.

The word entered the English language from the Old French charte (ultimately from the Latin word for "paper"). It has come to be synonymous with the document that lays out the granting of rights or privileges.

Colloquial usages

The term is used for a special case (or as an exception) to an institutional charter. A charter school, for example, is one that has different rules, regulations, and statutes from a state school.

Charter is sometimes used as a synonym for 'tool' or 'lease', as in the 'charter' of a bus or boat by an organization, intended for a similar group destination.

Chartering (shipping)

Chartering is an activity within the shipping industry. In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate. Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers) or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per day for the agreed duration of the charter.

A charterer may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire rate, or even makes a profit in a rising market by re-letting the ship out to other charterers.

Depending on the type of ship and the type of charter, normally a standard contract form called a charter party is used to record the exact rate, duration and terms agreed between the shipowner and the charterer.

Time Charter Equivalent is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types.

Bitstream Charter

Bitstream Charter is a serif typeface designed by Matthew Carter in 1987 for Bitstream Inc. Charter is based on Pierre-Simon Fournier’s characters, originating from the 18th century. Classified by Bitstream as a transitional-serif typeface (Bitstream Transitional 801), it also has features of a slab-serif typeface and is often classified as such.

Charter was originally optimized for printing on the low-resolution 300 dpi laser printers of the 1980s, and remains suitable for printing on both modern high-resolution laser printers and inexpensive lower resolution inkjet printers due to its strong, legible design. Its structure was optimised for low-memory computers and printers. In a 2013 interview, Carter explained that it used "a very simplified structure and a minimum number of curves, more straight-line segments... very economical compared to, say, Times New Roman." In its simplification of serif forms, it anticipates Carter's later landmark design, Georgia.

In 1992 Bitstream donated a version of Charter, along with its version of Courier, to the X Consortium under terms that allowed the font to be modified and redistributed. This has resulted in open source derivatives of Bitstream Charter, including Charis SIL. Some consider Bitstream Charter to be one of the best free fonts available.

Asset

In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).

The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.

Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.