enfranchisement Meaning in the Cambridge English Dictionary

Meaning of “enfranchisement” in the English Dictionary

"enfranchisement" in Business English

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enfranchisementnoun [U]

uk   us   /ɪnˈfræntʃaɪzmənt/
PROPERTY, LAW the ​right to ​buy the freehold (= ​legalownership and ​control for an ​unlimitedtime) of a ​property instead of ​renting it leasehold (= for an ​agreed, ​limitedperiod of ​time): Blocks with 10% ​commercialproperty are at ​presentbarred from enfranchisement.
FINANCE the fact of giving ​votingrights to ​people who own non-voting ​shares in a ​company: The ​group, who also own 18.1% of the existing A ordinary ​shares, will ​emerge with 20.4% of the ​enlargedsharecapitalfollowing enfranchisement.
(Definition of enfranchisement from the Cambridge Business English Dictionary © Cambridge University Press)
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“enfranchisement” in Business English

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