A franchise typically enables the investor or franchisee to operate a business. By paying a franchise fee, which may cost several thousand dollars, you are given a format or system developed by the company franchisor, the right to use the franchisor's name for a limited time, and assistance.y purchasing a franchise, you often can sell goods and services that have instant name recognition and can obtain training and ongoing support to help you succeed. But be cautious. Like any investment, purchasing a franchise is not a guarantee of success.
Subcontractor. One who takes a portion of a contract from the principal contractor or from another subcontractor. When an individual or a company is involved in a large-scale project, a contractor is often hired to see that the work is done. The contractor, however, rarely does all the work.
Retract (Latin re, back, and traho, draw) is to take back something that one has said as not true or as what one is not ready to maintain; as, to retract a charge or accusation; one recants what was especially his own, he retracts what was directed against another.