Franchise-clause



noun, (esp. in marine-insurance policy)
1.
a clause stipulating that the insured will be responsible for any loss not in excess of a stated amount, and the insurance company will be liable for full payment of the loss equaling or exceeding the amount up to the insured amount.

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  • Franchisement

    [fran-chahyz] /ˈfræn tʃaɪz/ noun 1. a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system. 2. the right or license granted by a company to an individual or group to market its products or services in a specific territory. 3. a store, […]

  • Franchiser

    [fran-chahy-zer] /ˈfræn tʃaɪ zər/ noun 1. Also, franchisor [fran-chahy-zer, fran-chuh-zawr] /ˈfræn tʃaɪ zər, ˌfræn tʃəˈzɔr/ (Show IPA). a person or company that grants a . 2. .



  • Franchising

    [fran-chahyz] /ˈfræn tʃaɪz/ noun 1. a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system. 2. the right or license granted by a company to an individual or group to market its products or services in a specific territory. 3. a store, […]

  • Franchisor

    [fran-chahy-zer] /ˈfræn tʃaɪ zər/ noun 1. Also, franchisor [fran-chahy-zer, fran-chuh-zawr] /ˈfræn tʃaɪ zər, ˌfræn tʃəˈzɔr/ (Show IPA). a person or company that grants a . 2. .



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