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Definition: Franchise from The AMA Dictionary of Business and Management

License granted to a manufacturer, dealer, or trader to use a brand name in a particular area for a stated period, in return for royalties or fees. The licensee may also receive from the licensor technical expertise, financing, and inventory.

franchise

From The Columbia Encyclopedia
in government, a right specifically conferred on a group or individual by a government, especially the privilege conferred by a municipality on a corporation of operating public utilities, such as electricity, telephone, and bus services. Franchises may not be revoked without the consent of the grantee unless so stipulated in the contract. They may, however, be forfeited by the grantee's violation of terms, and the government may take back granted rights by eminent domain proceedings with tender of just compensation. Franchise provisions usually include tenure; compensation to the grantor; the services, rates, and extensions; labor and strike regulations; capitalization; and reversion to the grantor. The term franchise also refers to a type of business in which a group or individual receives a license from a corporation to conduct a commercial enterprise. Corporate franchises enable a franchisee to market a well-known product or service in return for an initial fee and a percentage of…
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Full text Article franchise

From Collins Dictionary of Business
the granting by one company to another company (exclusive franchise) or a number of companies (non-exclusive franchise) of the right/s to supply its products. A franchise is a contractual arrangement which is entered into for a specified period of time, with the franchisee paying a royalty to the…
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Full text Article Franchising

From International Encyclopedia of Hospitality Management
The word ‘franchising’ is derived from the French verb franchir , which means to make free or give liberty to, and often referred to freedom from some restriction, servitude or slavery. Franchising can be divided into two major categories: business format franchising and product/trade name format…
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Full text Article franchise

From The Columbia Encyclopedia
in government, a right specifically conferred on a group or individual by a government, especially the privilege conferred by a municipality on a corporation of operating public utilities, such as electricity, telephone, and bus services. Franchises may not be revoked without the consent of the…
| 304 words
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Full text Article franchise

From The Macquarie Dictionary
the rights of a citizen, especially the right to vote `Any proposal to change the voting system in the Upper House away from statewide franchise to an electorate-based system will effectively mean that minor parties and independents will be wiped out,' he said. aap news 2000, franchises a privilege…
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Full text Article Franchises

From Gale Encyclopedia of U.S. Economic History
A franchise is a license that a parent company grants to another party allowing that party the right to offer a good or service in the parent company's name. Typically the parent company that authorizes the franchise also develops the concept, designs the store, markets the product nationally, and…
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Full text Article franchise

From Collins English Dictionary
n 1 the franchise the right to vote, esp for representatives in a legislative body; suffrage 2 any exemption, privilege, or right granted to an individual or group by a public authority, such as the right to use public property for a business 3 commerce authorization granted by a manufacturing…
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Full text Article franchise

From The American Heritage(R) Dictionary of the English Language
A privilege or right granted by law, especially the right to vote in the election of public officials. A special privilege given by government to a corporation or an individual to engage in a particular activity using public facilities, especially to provide a public service such as transportation…
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Full text Article franchise

From A/V A to Z: An Encyclopedic Dictionary of Media, Entertainment and Other Audiovisual Terms
From 1937 to 1958, MGM released 18 installments...
1 . A highly lucrative series of audiovisual works, often including a collection of feature films and television series, such as Andy Hardy, James Bond, or Star Trek; an audiovisual work or intellectual property whose situation, story, or characters lend themselves to the creation of a number of…
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Full text Article FRANCHISE

From Historical Dictionary of Australia
In spite of its unpromising beginnings as a British penal colony, Australia became a proving ground for liberal democracy in the last half of the 19th century. The first franchise laws for the legislative councils came into force in 1843 and 1850. They gave men the vote, subject to a significant…
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Full text Article franchise

From The New Dictionary of Cultural Literacy, Houghton Mifflin
In politics, the right to vote. The Constitution left the determination of the qualifications of voters to the states. In the late eighteenth and early nineteenth century, states usually restricted the franchise to white men who owned specified amounts of property. Gradually, poll taxes were…
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