Recharter: meaning, definitions and examples
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recharter
[ riˈtʃɑːrtər ]
legal document
To recharter means to create a new charter for an organization, institution, or company that has already been established. This process often involves revising the original charter to reflect changes in governance, structure, or purpose. Rechartering can occur due to various reasons, including changes in leadership, shifts in organizational goals, or legal requirements. The rechartering process ensures that the entity operates under updated guidelines and continues to meet its objectives effectively.
Synonyms
reorganize, revise charter, update charter.
Examples of usage
- The school decided to recharter to adapt to the new educational standards.
- After a merger, the company needed to recharter to incorporate the new structure.
- The nonprofit organization planned to recharter in order to better align with community needs.
Translations
Translations of the word "recharter" in other languages:
🇵🇹 renovação
🇮🇳 पुनः चार्टर
🇩🇪 Neuausstellung
🇮🇩 menyusun ulang
🇺🇦 перезатвердження
🇵🇱 rechartering
🇯🇵 再契約
🇫🇷 renouvellement
🇪🇸 reestatuto
🇹🇷 yeniden düzenleme
🇰🇷 재계약
🇸🇦 إعادة التوجيه
🇨🇿 nové ustanovení
🇸🇰 nové zmluvy
🇨🇳 重新签约
🇸🇮 novi statut
🇮🇸 endurskrá
🇰🇿 жаңарту
🇬🇪 ახალი შეთანხმება
🇦🇿 yenidən təşkiletmə
🇲🇽 reformalización
Etymology
The term 'recharter' combines the prefix 're-' meaning 'again' or 'back' with 'charter', which originates from the Latin 'charta', meaning 'paper' or 'document'. The evolution of the word 'charter' can be traced through Middle English, where it referred specifically to legal documents granting rights or privileges. As institutions and organizations evolved, the necessity for revising these foundational documents arose, leading to the creation of the verb 'recharter'. This term reflects not only the action of formalizing governance but also the ongoing adaptability of organizations in changing social, legal, or economic climates. Rechartering has become particularly relevant in sectors where regulatory compliance and organizational dynamics are frequently changing, highlighting the importance of maintaining current and effective operational practices.