English · Work & Business
franchise
/ˈfræn.tʃaɪz/
[/ˈfræn.tʃaɪz/]
right to run a branded business
Advancednoun
Definition
The right to sell a company's goods or services in a particular area using its brand name.
Example
He bought a franchise of the popular coffee chain and opened a branch in his town.
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).