privilege or franchise
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 283 U.S. 291 - Susquehanna Power Co. v. State Tax Commission · 1931Most cited · 108 citing opinions
the distinction has long been taken between a privilege or franchise granted by the government to a private corporation in order to effect some governmental purpose, and the property employed by the grantee in the exercise of the privilege, but for private business advantage