Franchise: meaning, definitions and examples
๐ข
franchise
[ หfrรฆntสaษชz ]
business
A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name.
Synonyms
authorization, license, permit
Examples of usage
- The fast-food chain offers franchise opportunities to entrepreneurs.
- She decided to buy a franchise of the popular coffee shop.
sports
In sports, a franchise refers to a team that is part of a sports league and has the rights to participate in the league's competitions.
Synonyms
Examples of usage
- The basketball franchise has a loyal fan base.
- The football franchise has a long history of success.
Translations
Translations of the word "franchise" in other languages:
๐ต๐น franquia
๐ฎ๐ณ เคซเฅเคฐเฅเคเคเคพเคเคเคผเฅ
๐ฉ๐ช Franchise
๐ฎ๐ฉ waralaba
๐บ๐ฆ ััะฐะฝัะธะทะฐ
๐ต๐ฑ franczyza
๐ฏ๐ต ใใฉใณใใฃใคใบ
๐ซ๐ท franchise
๐ช๐ธ franquicia
๐น๐ท franchise
๐ฐ๐ท ํ๋์ฐจ์ด์ฆ
๐ธ๐ฆ ุงู ุชูุงุฒ
๐จ๐ฟ franลกรญza
๐ธ๐ฐ franลกรญza
๐จ๐ณ ็น่ฎธ็ป่ฅ
๐ธ๐ฎ franลกiza
๐ฎ๐ธ umboรฐ
๐ฐ๐ฟ ััะฐะฝัะธะทะฐ
๐ฌ๐ช แคแ แแแฉแแแแ
๐ฆ๐ฟ franลiza
๐ฒ๐ฝ franquicia
Etymology
The term 'franchise' originated in the late 14th century from the Old French word 'franchir', meaning 'to free' or 'to exempt'. It was initially used in a legal context to refer to a privilege or right granted by a ruler or government. Over time, the term evolved to encompass business and sports contexts, where it now commonly refers to a license or team within a specific industry or league.