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English definition of “enfranchisement”

enfranchisement

noun [U]
 
 
/ɪnˈfræntʃaɪzmənt/
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)
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