franchise

franchise
1) A licence given to a manufacturer, distributor, trader, etc. , to enable them to manufacture or sell a named product or service in a particular area for a stated period. The holder of the licence (franchisee) usually pays the grantor of the licence (franchisor) a royalty on sales, often with a lump sum as an advance against royalties. The franchisor may also supply the franchisee with a brand identity as well as finance and technical expertise. Franchises are common in the fast-food business, petrol stations, travel agents, etc.
2) A clause in an insurance policy, often a marine-insurance policy, that excludes the payment of claims up to a specified level but agrees to pay in full all claims above it. For example, a £25 franchise would mean that insurers would not deal with claims below £25 but a claim for £26 would be met in full. Franchise clauses are used by insurers to avoid administratively expensive small claims, while still providing the policyholder with full cover for larger claims. See also excess policy

Big dictionary of business and management. 2014.

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  • franchise — [ frɑ̃ʃiz ] n. f. • déb. XIIe; de 2. franc 1 ♦ Vx Liberté, indépendance. ♢ Anciennt Droit (privilège, immunité, etc.) limitant l autorité souveraine au profit d une ville, d un corps, d un individu. Charte, lettre de franchise (cf. Ville franche) …   Encyclopédie Universelle

  • franchisé — franchise [ frɑ̃ʃiz ] n. f. • déb. XIIe; de 2. franc 1 ♦ Vx Liberté, indépendance. ♢ Anciennt Droit (privilège, immunité, etc.) limitant l autorité souveraine au profit d une ville, d un corps, d un individu. Charte, lettre de franchise (cf.… …   Encyclopédie Universelle

  • Franchisé — Franchise (réseau commercial) Pour les articles homonymes, voir Franchise. La franchise est un accord commercial et juridique par lequel une entreprise appelée le franchiseur s engage à fournir à une seconde entreprise, dite franchisée, un savoir …   Wikipédia en Français

  • franchise — fran·chise / fran ˌchīz/ n [Anglo French, literally, freedom, liberty, from Middle French, from franchir to free, from Old French franc free] 1: a special right or privilege granted by the government to an individual, group, or business entity:… …   Law dictionary

  • franchise — Franchise, f. penac. Vient de Franc, et signifie liberté, Libertas, comme, Il a acquis franchise, E seruo liber factus est, Libertatem adeptus est. Il se prend aussi pour liberation d une debte. Selon ce on dit, Par laps de temps et negligence de …   Thresor de la langue françoyse

  • franchise — Franchise. s. f. Exemption, Immunité. La franchise des Eglises. joüir de la franchise d un lieu, d une ville. lieu de franchise. Il se dit aussi du Lieu mesme, & signifie, Asyle. On ne le sçauroit prendre en ce lieu là, c est une franchise. Il… …   Dictionnaire de l'Académie française

  • Franchise — generally means a right or privilege. It may refer to:*Suffrage, the civil right to vote *Franchising, a business method that involves licensing of trademarks and methods of doing business, such as: **Chain store, retail outlets which share a… …   Wikipedia

  • Franchise — (über das Englische von frz. franchise = Gebührenfreiheit) steht für: Franchising, ein Geschäftsmodell, vor allem im Einzelhandel und bei Dienstleistungsunternehmen Franchise (Medien), ein geistiges Eigentum im Bereich der Unterhaltungsmedien… …   Deutsch Wikipedia

  • franchise — ► NOUN 1) an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities. 2) a business or service granted such a franchise. 3) the right to vote in public elections. 4) N …   English terms dictionary

  • Franchise — Fran chise (? or ?; 277), n. [F., fr. franc, fem. franche, free. See {Frank}, a.] 1. Exemption from constraint or oppression; freedom; liberty. [Obs.] Spenser. [1913 Webster] 2. (LAw) A particular privilege conferred by grant from a sovereign or… …   The Collaborative International Dictionary of English

  • franchise — [fran′chīz΄] n. [ME < OFr < franc, free: see FRANK1] 1. Archaic freedom from some restriction, servitude, etc. 2. any special right, privilege, or exemption granted by the government, as to be a corporation, operate a public utility, etc. 3 …   English World dictionary

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