fran·chise (fr n ch z )n. 1. A privilege or right officially granted a person or a group by a government, especially: a. The constitutional or statutory right to vote. b. The establishment of a corporation's existence. c. The granting of certain rights and powers to a corporation. d. Legal immunity from servitude, certain burdens, or other restrictions. 2. a. Authorization granted to someone to sell or distribute a company's goods or services in a certain area. b. A business or group of businesses established or operated under such authorization. c. A brand name under which a series of products is released. 3. The territory or limits within which immunity, a privilege, or a right may be exercised. 4. A professional sports team. tr.v. fran·chised, fran·chis·ing, fran·chis·es To grant a franchise to. [Middle English fraunchise, from Old French franchise, from franche, feminine of franc, free, exempt; see frank1.] |
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