Chartered
Witte, who was proving to be as adroit as the bankers, then took them by surprise in proposing the creation of a quasi-private bank, chartered by the Russian government and to be named the Russo-Chinese Bank, to do business in China. Five-eighths of its capital was to be provided by French bankers, the rest by Russian ones.
What does charter mean in the context? Thanks.
Top answer
Vladv What does charter mean in the context? To charter is to give/grant a charter to an enterprise, in this case a bank. The charter is an official document describing the goals, rights, or principles of an organization.
- Vladv What does charter mean in the context?
- To charter is to give/grant a charter to an enterprise, in this case a bank.
- The charter is an official document describing the goals, rights, or principles of an organization.
- In effect, it gives permission for the enterprise to operate within a certain jurisdiction — city, state, nation.
- CJ
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VladvWhat does charter mean in the context?
To charter is to give/grant a charter to an enterprise, in this case a bank. The charter is an official document describing the goals, rights, or principles of an organization. In effect, it gives permission for the enterprise to operate within a certain jurisdiction — city, state, nation.
CJ
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