- The definition of a franchise 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.
- 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.
- The Dairy Queen that is opened with permission by the Dairy Queen company is an example of a franchise.
- Franchise is defined as to grant authorization to someone to perform a service or operate a business.
When a company grants permission for someone to open a branch of their company, this is an example of to franchise.
- Archaic freedom from some restriction, servitude, etc.
- any special right, privilege, or exemption granted by the government, as to be a corporation, operate a public utility, etc.
- the right to vote; suffrage: usually preceded by the
- the right to market a product or provide a service, often exclusive for a specified area, as granted by a manufacturer or company
- a business granted such a right
- the right to own a member team as granted by a league in certain professional sports
- such a member team
Origin of franchiseMiddle English from Old French from franc, free: see frank
transitive verb-·chised·, -·chis·ing
- A privilege or right granted by law, especially the right to vote in the election of public officials.
- A special privilege given by government to a corporation or an individual to engage in a particular activity using public facilities, especially to provide a public service such as transportation or communications.
- The establishment of a corporation, including the granting of certain privileges such as exemption from individual liability for the acts of the corporation.
- a. Authorization granted to someone to sell or distribute a company's goods or services in a certain area.b. A business or group of businesses established or operated under such authorization.c. A brand name under which a series of products is released.
- The territory or limits within which immunity, a privilege, or a right may be exercised.
- A professional sports team.
transitive verbfran·chised, fran·chis·ing, fran·chis·es
Origin of franchiseMiddle English fraunchise from Old French franchise from franche feminine of franc free, exempt ; see frank 1.
(countable and uncountable, plural franchises)
- A right or privilege officially granted to a person, a group of people, or a company by a government.
- An acknowledgment of a corporation's existence and ownership.
- The authorization granted by a company to sell or distribute its goods or services in a certain area.
- McDonalds has exported its franchise.
- A business operating under such authorization.
- A legal exemption from jurisdiction.
- The membership of a corporation or state; citizenship.
- The right to vote at a public election.
- The district or jurisdiction to which a particular privilege extends; the limits of an immunity; hence, an asylum or sanctuary.
- (sports) The collection of organizations in the history of a sports team; the tradition of a sports team as an entity, extending beyond the contemporary organization.
- The Whalers' home city of Hartford was one of many for the franchise.
- (business, marketing) The positive influence on the buying behavior of customers exerted by the reputation of a company or a brand.
- The loose collection of fictional works pertaining to a particular universe, including literary, film, or television series from various sources.
- the Star Wars franchise
- Exemption from constraint or oppression; freedom; liberty.
(third-person singular simple present franchises, present participle franchising, simple past and past participle franchised)
franchise - Investment & Finance Definition
A business that can be purchased for a fee and continued payment of royalties to the parent company. Examples of franchises are McDonalds and Dunkin’ Donuts Inc. The franchise comes with a brand name, established policies, and procedures for operations, and may have regional or national name recognition. A franchise allows an entrepreneur the opportunity to run his or her own business without the time and expense of having to start a business from the ground up. The franchiser also will likely serve as a consultant and offer advice, promotional assistance, and financing for the franchisee.
franchise - Legal Definition