- A paper or electronic document issued by the competent authority, authorizing and requiring the import or export of the goods specified and/or imposing other special requirements as necessary. HM Customs & Revenue Glossary
* * *licence li‧cence [ˈlaɪsns] , license noun1. [countable] LAW COMMERCE an official document giving you permission to own or do something for a period of time:
• The charity organization has applied for a city business license to operate weekly bingo games.
• The factory's operating license will not be granted until after the inspection.— compare permitan official document giving permission to send goods for sale in another country; = EXPORT PERMITa government document needed before importing certain types of goods. Import licences can be used, for example, to limit imports if there is a balance of payments or to stop trade in rare plants and animals; = IMPORT PERMIT:
• The duty on cars was 65%, and importers also had to get an import license, which was almost never granted.2. [countable, uncountable] disapproving official permission to do something, which seems wrong:import licence for
• State Governments are concerned that the revised tax laws will provide a license for tax evasion.3. licence to print money disapproving used in order to say that a situation gives someone a chance to make a lot of money very easily, without much work:
• Franchising isn't always a licence to print money. It can take a lot of hard work and personal effort.4. [uncountable] LAW COMMERCE if something is sold, made etc under licence, it is sold etc with the permission of the company or organization who owns the patent (= the legal right to make or sell a new product ) or the copyright (= the legal right to be the only producer or seller of a book, play, film, or record ) :
• It can appoint a foreign company to manufacture its product under licence.
• The license agreement has not led to a reduction in its own design efforts.
* * *licence UK US /ˈlaɪsəns/ noun UK (US license)► [C] LAW, GOVERNMENT an official document from the government, court, etc. that gives you permission to do, have, or own something: a driving/driver's/pilot's licence »
The bank will insist you produce a driving licence or passport as a form of ID.»
a business/operating licence»
a gun/firearms licence»
If there is any delay, the licence holder can be fined.grant/issue a licence »
The council granted a licence that allowed the premises to stay open until 3 am.»
have/hold/get a licence»
own/apply for/renew a licence»
refuse/suspend/take away a licence»
a licence expires/runs out► [C] LAW, COMMERCE, IT permission given by a company to produce or use something that they have created or that belongs to them: »
a software/publishing licencelicence for sth »
A licence for PC network use costs £900.licence to do sth »
a licence to publish the book throughout the world► [ U] permission or freedom to do what you want: »
licence to do sth»
He thought his position allowed him licence to be rude.● licence to print money — Cf. licence to print money● under licence — Cf. under licence
Financial and business terms. 2012.