Explanation and meaning of franchise.

franchise

/'frænʧaɪz/

noun
a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
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Similar:

dealership

type of:
business organization business concern business organisation business concern
noun
a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)
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Similar:

enfranchisement

type of:
legal right
noun
an authorization to sell a company's goods or services in a particular place
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type of:
concession grant
verb
grant a franchise to
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type of:
certify licence license

Explanation of franchise

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