Definition of franchise

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TeachMeFinance.com - explain franchise



franchise -- the authorization to conduct a business using the name and operating methods of another. In lending on an income property, a franchise may have value as an additional security, and may be assigned to the lender.

historic definition...

Franchise -- A privilege conferred by grant from a government (national, state or municipal) to a corporation or an individual. The right obtained from the proper authority to build a railroad from one point to another constitutes a franchise.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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