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franchise

Dictionary definition · franchise

noun

  1. an authorization to sell a company's goods or services in a particular place
  2. a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
  3. a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)

verb

  1. grant a franchise to

Source: Open English WordNet (CC BY 4.0).