franchise (/ˈfræn.tʃaɪz/)
noun · Advanced · Work & Business
🔊 /ˈfræn.tʃaɪz/
Meaning
Meaning: right to run a branded business
The right to sell a company’s goods or services in a particular area using its brand name.
Examples
🗣 He bought a franchise of the popular coffee chain and opened a branch in his town.
Etymology
From Old French ‘franchise’ (freedom, a privilege), from ‘franc’ (free).
How & Where It’s Used
Used in business and also for the right to vote (the franchise).
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Tags: business, legal