Etymology

charterparty

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Today it means: A contract between a shipowner and a merchant, under which a ship is hired for the conveyance of goods, etc. Full definition →

French charte-partie
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The story

  1. French · derived fromcharte-partie
  2. English todaycharterparty

From French charte-partie, literally divided charter, as the practice involved dividing it in two and giving one half to each person.

Etymology from Wiktionary, CC BY-SA 4.0.