franchise
1fran·chise
noun \ˈfran-ˌchīz\Definition of FRANCHISE
1
: freedom or immunity from some burden or restriction vested in a person or group
2
a : a special privilege granted to an individual or group; especially : the right to be and exercise the powers of a corporation b : a constitutional or statutory right or privilege; especially : the right to vote c (1) : the right or license granted to an individual or group to market a company's goods or services in a particular territory; also : a business granted such a right or license (2) : the territory involved in such a right
3
a : the right of membership in a professional sports league b : a team and its operating organization having such membership
Examples of FRANCHISE
- She was granted an exclusive franchise in the city's west end.
- They just opened a new fast-food franchise down the street.
- The U.S. did not extend the franchise to women until the early 20th century.
- He's the best player in the history of the franchise.
Origin of FRANCHISE
Middle English, from Anglo-French, from franchir to free, from franc free — more at frank
First Known Use: 14th century
Related to FRANCHISE
Other Business Terms
Rhymes with FRANCHISE
abscise, advise, apprise, apprize, arise, assize, baptize, bite-size, breadthwise, capsize, chastise, clockwise, coastwise, cognize, comprise, crabwise, crack wise, crosswise, demise, despise, devise, disguise, disprize, door prize, downsize, earthrise, edgewise, emprise, endwise, excise, fanwise, full-size, grecize, high-rise, incise, king-size, leastwise, lengthwise, Levi's, life-size, likewise, low-rise, man-size, mid-rise, midsize, misprize, moonrise, nowise, outsize, piecewise, pint-size, premise, quantize, queen-size, remise, reprise, revise, rightsize, slantwise, streetwise, stylize, suffice, sunrise, surmise, surprise, trim size, twin-size, unwise, uprise
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