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.
Half-Life of Medication. This means that if you begin taking a medication with a half-life of 24 hours, after four days, or on the fifth day, the rate of intake of the drug will approximately equal the rate of elimination. If the half-life is 12 hours, you'll reach that state at the beginning of the third day (after 48 hours).