Main Entry:: ¹fran·chise
Pronunciation:: \ˈfran-ˌchīz\
Function:: noun
Etymology:: Middle English, from Anglo-French, from franchir to free, from franc free — more at frank
Date:: 14th century

1: freedom or immunity from some burden or restriction vested in a person or group2 a: a special privilege granted to an individual or group; especially : the right to be and exercise the powers of a corporation b: a constitutional or statutory right or privilege; especially : the right to vote c (1): the right or license granted to an individual or group to market a company's goods or services in a particular territory; also : a business granted such a right or license (2): the territory involved in such a right3 a: the right of membership in a professional sports league b: a team and its operating organization having such membership

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