franchise

US /ˈfrænˌtʃaɪz/

UK /'fræntʃaɪz/

B2

noun

  • A right or license granted to an individual or group to market a company's goods or services in a particular territory.
  • An exemption from a tax or duty.
  • The right to vote.
  • A license granted to someone to operate a business under an established brand or system.
  • Right to run a business using name of a company
  • The right to vote.

other

  • To grant a franchise to (an individual or group).
  • To grant a franchise to someone.

verb

  • To sell the use of a brand to run a company