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franchise

(noun) a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)

(noun) an authorization to sell a company's goods or services in a particular place

(noun) a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area

(verb) grant a franchise to

 

Source: WordNet 2.0 Copyright 2003 by Princeton University. All rights reserved.

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