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franchise Definition

fran·chise (fran′c̸hīz′)

noun

  1. Archaic freedom from some restriction, servitude, etc.
  2. any special right, privilege, or exemption granted by the government, as to be a corporation, operate a public utility, etc.
  3. the right to vote; suffrage: usually preceded by the
    1. the right to market a product or provide a service, often exclusive for a specified area, as granted by a manufacturer or company
    2. a business granted such a right
  5. ☆
    1. the right to own a member team as granted by a league in certain professional sports
    2. such a member team

Etymology: ME < OFr < franc, free: see frank

transitive verb -·chised′, -·chis′·ing

to grant a franchise to

adjective

designating a player on a professional team who is regarded as being essential to that team's success

franchise Synonyms

franchise

n.

  1. A right, especially the right to vote

    privilege, freedom, suffrage, enfranchisement; see right 1, vote 3.

  2. The right to market a product or service

    concession, license, charter, distributorship; see permission, permit.

franchise 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 Law Definition

n

A right granted by or pursuant to legislation, particularly the right to vote; the exclusive right under a licensing agreement to utilize a trademark and distribute the trademarked products or services in a particular area.

franchise Usage Examples

Converse of object

  • extend: He wanted to know why the Minister of Defense was not extending the franchise to the people in his care.
  • renew: The SRA are not going to renew this franchise due to extended delays in the Thameslink 2000 ( now 20xx ) project.

Adjective modifier

  • 20-year: Proposal: The SRA and Stagecoach Holdings plc signed Heads of Terms for a 20-year franchise in March 2001.
  • lucrative: Read more... Trusty Handyman Start a lucrative management franchise in the handyman business, a £ 28 billion market in the UK.
  • Western: National Express have launched a new website detailing their plans to bid for the Great Western train franchise.
  • universal: THE GENERAL ELECTION OF MAY 1 brought the Labor Party to power on the basis of a universal franchise.
  • profitable: Combine your love of golf with your entrepreneurial skills and work from home with this low cost, flexible and profitable franchise.
  • northern: Regional services to form part of the Northern franchise.

Modifies a noun

  • agreement: The Contract The contract will form the basis of all franchise agreements.
  • holder: The ITV franchise holders will play a vital role in implementing any such strategy.
  • bid: Mr Morgan remains at GB Railways to concentrate on the company's franchise bids.
  • opportunity: Franchise Opportunities 1st for Europe Property provide property portal sites across Europe.
  • fee: Quick Return On Investment: Your franchise fee is paid back in most cases within 6 or 7 months!
  • tax: Please note that California LLCs are subject to an annual minimum franchise tax of $ 800 per year.

Noun used with modifier

  • scotrail: A typical example is the recently launched First ScotRail franchise.
  • rail: It reports on a study into the new Northern rail franchise, which costs £ 350 million a year in subsidy.
  • surelet: Whether you are an industry professional or new to lettings a surelet franchise is the perfect business opportunity for you.
  • bsm: BSM With a BSM franchise you can be sure that you?re never on your own.
  • cleaning: So anybody out there looking to take up a cleaning franchise could do a great deal worse than consider our proposals.
  • courier: Read more... Fastway Couriers is the world's largest courier franchise.