When a company grants permission for someone to open a branch of their company, this is an example of to franchise.
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.
The Star Wars franchise.
Origin of franchise
- Middle English fraunchise from Old French franchise from franche feminine of franc free, exempt frank1
From American Heritage Dictionary of the English Language, 5th Edition