franchise

US /ˈfrænˌtʃaɪz/

UK /'fræntʃaɪz/

B2TOEIC
n.NounRight to run a business using name of a company
You can own a franchise of this restaurant
v.t.Transitive VerbTo sell the use of a brand to run a company
When you franchise your store I want to buy a franchise
n.NounA right or license granted to an individual or group to market a company's goods or services in a particular territory.
She wants to buy a franchise of a popular fast-food chain.
n.NounThe right to vote.
The fight for universal franchise was a key part of the country's history.
n.NounAn exemption from a tax or duty.
The insurance policy includes a franchise of $500.

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