franchise
Pronunciation:
/ˈfɹænt͡ʃaɪ̯z/noun
Definitions
The right to vote at a public election or referendum; see: suffrage, suffragette.
A right or privilege officially granted to a person, a group of people, or a company by a government.
An acknowledgment of a corporation's existence and ownership.
The authorization granted by a company to sell or distribute its goods or services in a certain area.
Example: McDonalds has exported its franchise.