charter capital

Definition

The assets brought together to form a company. For example, a joint stock company takes its charter capital and divides it into a set number of shares.

Use charter capital in a sentence

After the company went global, its charter capital grew to include assets from markets in several countries all over the world.

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The charter capital for the genesis of Edu Toys was an amount above and beyond Mr. Thorberg's expectations and he was glad to be able to make his dream a reality.

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The charter capital required to form a captive insurance company usually takes the form of a initial investment of capital that will be used to pay out claims should they arise in the near future.

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