n.
- A privilege or right officially granted a person or a group by a government, especially:
- The constitutional or statutory right to vote.
- The establishment of a corporation's existence.
- The granting of certain rights and powers to a corporation.
- Legal immunity from servitude, certain burdens, or other restrictions.
- Authorization granted to someone to sell or distribute a company's goods or services in a certain area.
- A business or group of businesses established or operated under such authorization.
- A brand name under which a series of products is released.
- The territory or limits within which immunity, a privilege, or a right may be exercised.
- A professional sports team.
To grant a franchise to.
[Middle English fraunchise, from Old French franchise, from franche, feminine of franc, free, exempt. See frank1.]
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.