Under a franchise arrangement, a person or company purchases the ability to run a local business under a larger company's brand. Depending on the franchise arrangement, the local party may have to meet certain standards established by the larger company and purchase products from the larger company as well.
Half-cock is when the position of the hammer is partially but not completely cocked.
Definition: 1  the dose that produces a specific effect; when followed by a subscript (generally âED50â), it denotes the dose having such an effect on a certain percentage (50%) of the test animals; ED50 is the median effective dose.