franchise

US /ˈfrænˌtʃaɪz/

・

UK /'fræntʃaɪz/

B2
DefinitionVideo subtitles

noun

  • Right to run a business using name of a company

verb

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

Examples

The ITV licensee lost its franchise to Carlton TV.

After the Second World War the franchise was extended to all adults over eighteen.