Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “franchise”

franchise

noun [C or U]
 
 
/ˈfræntʃaɪz/ COMMERCE
an arrangement in which a company sells another business the right to sell its products or services in return for payment: The bank is trying a scheme to let local managers work under franchise. Do buy a franchise with a strong brand.hold/own/have a franchise I don't believe they are a fit company to hold a franchise.win/lose a franchise The company won the franchise to sell and service the luxury car in the west of Scotland area.award/give/grant a franchise The company announced that it was not yet ready to award the franchise to either party. a franchise agreement/holder/fee a franchise company/business/operation
a business that has bought the right to sell the products and services of another company: She returned to London where she now owns a Body Shop franchise.a rail/fast food/television franchise The most significant piece of news for the company was being declared preferred bidder for the rail franchise.
(Definition of franchise noun from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of franchise?
Add Cambridge dictionaries to your browser to your website

Definitions of “franchise” in other dictionaries

Word of the Day

pint

a measure for liquid equal to about half a litre

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More