What does franquicia in Spanish mean?

What is the meaning of the word franquicia in Spanish? The article explains the full meaning, pronunciation along with bilingual examples and instructions on how to use franquicia in Spanish.

The word franquicia in Spanish means exemption, franchise, excess. To learn more, please see the details below.

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Meaning of the word franquicia

exemption

nombre femenino (exención, privilegio)

(noun: Refers to person, place, thing, quality, etc.)
Los niños que viajan con boleto sin costo no tienen franquicia de equipaje.
Children who are travelling with a no-cost ticket do not have a luggage exemption.

franchise

nombre femenino (explotación: concesión)

(noun: Refers to person, place, thing, quality, etc.)
La franquicia fue fundada en 1987 y ahora tiene restaurantes en varios países centroamericanos.
The franchise was founded in 1987 and now has restaurants in many Central American countries.

excess

nombre femenino (derecho: de seguro) (deductible)

(noun: Refers to person, place, thing, quality, etc.)
Pagarás más o menos dependiendo de si contratas el seguro con o sin franquicia.
You will pay more or less depending on if you get insurance with or without excess.

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Spanish (español), also known as Castilla, is a language of the Iberian-Romance group of the Romance languages, and the 4th most common language in the world according to Some sources, while others list it as a 2nd or 3rd most common language. It is the mother tongue of about 352 million people, and is spoken by 417 million people when adding its speakers as a language. sub (estimated in 1999). Spanish and Portuguese have very similar grammar and vocabulary; The number of similar vocabulary of these two languages is up to 89%. Spanish is the primary language of 20 countries around the world. It is estimated that the total number of speakers of Spanish is between 470 and 500 million, making it the second most widely spoken language in the world by number of native speakers.