Franchise – Permission to sell another organisation's goods or services
To remember the definition of the word franchise, use the following mnemonic:
Frankenstein's monster's eyes (franchise) were on eBay but I should have got permission to sell them.
Examples of franchise in a sentence
The company lost its TV franchise and can no longer broadcast the shows.
She was granted an exclusive franchise in the city's west end.
They just opened a new fast-food franchise down the street.