franchise
- n an authorization to sell a company's goods or services in a particular place
- n a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
- n a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)
- v grant a franchise to
franchise tax
- n a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the state