franchise
noun [ C or U ]
COMMERCE uk/ˈfræntʃaɪz/ usan 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.
franchise
verb [ T ]
COMMERCE uk/ˈfræntʃaɪz/ usto sell a person or company the right to sell the products and services of your company:
They made the decision to franchise the stores.