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franchise |
Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson | 0.02 sec. |
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franchise, in government, a right specifically conferred on a group or individual by a government, especially the privilege conferred by a municipality on a corporation of operating public utilities, such as electricity, telephone, and bus services. Franchises may not be revoked without the consent of the grantee unless so stipulated in the contract. They may, however, be forfeited by the grantee's violation of terms, and the government may take back granted rights by eminent domain proceedings with tender of just compensation. Franchise provisions usually include tenure; compensation to the grantor; the services, rates, and extensions; labor and strike regulations; capitalization; and reversion to the grantor.
The term franchise also refers to a type of business in which a group or individual receives a license from a corporation to conduct a commercial enterprise. Corporate franchises enable a franchisee to market a well-known product or service in return for an initial fee and a percentage of gross receipts. The franchiser usually provides assistance with merchandising and advertising. Major franchise networks, which have grown rapidly in the United States since the 1960s, include fast-food restaurants, gasoline stations, motels, automobile dealerships, and real-estate agencies, and the system has expanded into many other fields. In politics, the franchise is the right conferred on an individual to vote. In the United States, the states, with some restrictions by the U.S. Constitution, govern the qualifications of voters. By the Fourteenth and Fifteenth amendments, states were forbidden to deny suffrage to male residents over 21 years of age "on account of race, color, or previous condition of servitude." The Nineteenth Amendment conferred suffrage upon women, and the Twenty-sixth Amendment lowered the voting age to 18. See voting voting, method of registering collective approval or disapproval of a person or a proposal. The term generally refers to the process by which citizens choose candidates for public office or decide political questions submitted to them. BibliographySee C. Williamson, American Suffrage from Property to Democracy, 1760–1860 (1960, repr. 1968); C. L. Vaughn, Franchising (1974). franchise 1. the right to vote, esp for representatives in a legislative body; suffrage 2. any exemption, privilege, or right granted to an individual or group by a public authority, such as the right to use public property for a business 3. Commerce authorization granted by a manufacturing enterprise to a distributor to market the manufacturer's products 4. the full rights of citizenship 5. Films a film that is or has the potential to be part of a series and lends itself to merchandising How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Thinking it might possibly be in the enjoyment of the elective franchise, he gave it a cordial and earnest grasp. More and more I am convinced that the final solution of the political end of our race problem will be for each state that finds it necessary to change the law bearing upon the franchise to make the law apply with absolute honesty, and without opportunity for double dealing or evasion, to both races alike. As he did not deem it necessary to add that two citizens, in the exercise of a freeman's franchise, had been supplementing their ballots with bullets, in front of an admiring crowd, they knew nothing of that accident that removed from Devil's Ford an entertaining stranger, who had only the night before partaken of their hospitality. |
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