Meaning of “enfranchisement” in the English Dictionary

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"enfranchisement" in Business English

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enfranchisementnoun [ U ]

uk /ɪnˈfræntʃaɪzmənt/ us

PROPERTY, LAW the right to buy the freehold (= legal ownership and control for an unlimited time) of a property instead of renting it leasehold (= for an agreed, limited period of time):

Blocks with 10% commercial property are at present barred from enfranchisement.

FINANCE the fact of giving voting rights 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 enlarged share capital following enfranchisement.

(Definition of “enfranchisement” from the Cambridge Business English Dictionary © Cambridge University Press)