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What does franchises mean?

Looking for the meaning or definition of the word franchises? Here's what it means.

Noun
  1. plural of franchise
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The Irish outlet is company-owned, although Zara also has a number of joint ventures and franchises.
The trio's new joint venture intends to bid for other inter-city rail franchises in Britain.
The real money-spinners are franchises aimed at children, which are essentially licences to print money.
The franchises of the bishop of Durham and the earl of Chester stood outside the shire system of England and had a special independence.
At one point, here in the U.S., I sold Mercedes franchises and then wholesaled Mercedes cars to those dealers.
Those players would then be distributed evenly among the franchises to play alongside semi-pro players on realistic salaries.

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