franchise: Meaning and Definition of
Pronunciation: (fran'chīz), [key]
— n., v., -chised, -chis•ing.
- a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system.
- the right or license granted by a company to an individual or group to market its products or services in a specific territory.
- a store, restaurant, or other business operating under such a license.
- the territory over which such a license extends.
- the right to vote: to guarantee the franchise of every citizen.
- a privilege arising from the grant of a sovereign or government, or from prescription, which presupposes a grant.
- a player of great talent or popular appeal, considered vitally important to a team's success or future.
- a legal immunity or exemption from a particular burden, exaction, or the like.
- freedom, esp. from imprisonment, servitude, or moral restraint.
- to grant (an individual, company, etc.) a franchise: The corporation has just franchised our local dealer.
- franchise (Thesaurus)