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franchise

Afranchise is permission granted by the government or by a company to take a certain action, or a franchise is the entity which has such authorization. (noun)

  1. When the Dairy Queen company gives an investor permission to open a Dairy Queen store in his own home town, this is an example of a franchise.
  2. The Dairy Queen that is opened with permission by the Dairy Queen company is an example of a franchise.

To franchise is to grant authorization to someone to perform a service or operate a business. (verb)

When a company grants permission for someone to open a branch of their company, this is an example of to franchise.

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See franchise in Webster's New World College Dictionary

See franchise in American Heritage Dictionary 4

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