franchise (C1)
noun
Pronunciation: /ˈfræntʃaɪz/
Definition
A license granted by a company to an individual or group to sell its products or services in a particular area, or the right to vote.
Examples
The fast-food chain is expanding rapidly through its franchise agreements.
He bought a franchise for a popular coffee shop chain.
The company offers a lucrative franchise opportunity to entrepreneurs.
How to Use franchise
- franchise agreement (collocation)
- A formal contract outlining the terms and conditions between a franchisor and a franchisee. — "The franchise agreement detailed the royalty fees and operational standards."
- franchise holder (collocation)
- A person or entity that has been granted a franchise. — "The franchise holder must adhere to all brand guidelines."
- franchise opportunity (collocation)
- A chance to start a business by purchasing a franchise. — "The company is presenting new franchise opportunities at the trade show."
Synonyms of franchise
Words with a similar meaning to franchise:
Antonyms of franchise
Words with the opposite meaning to franchise:
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