letter of licence

letter of licence
letter of licence UK US (UK (US letter of license) noun [C]
LAW a written document by someone who is owed money in which they formally agree to allow more time for the debt to be paid back

Financial and business terms. 2012.

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  • letter of licence — A letter from a creditor to a debtor, who is having trouble raising the money to settle the debt. The letter states that the creditor will allow the debtor a stated time to pay and will not initiate proceedings against the debtor before that time …   Big dictionary of business and management

  • licence — 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… …   Financial and business terms

  • letter-of-marque — see under ↑marque2 • • • Main Entry: ↑letter letter of marqueˈ or letters of marqueˈ A privateer s licence to commit acts of hostility • • • Main Entry: ↑marque …   Useful english dictionary

  • Letter of marque — For the Patrick O Brian novel, see The Letter of Marque. Letter of marque given to Captain Antoine Bollo via the ship owner Dominique Malfino from Genoa, owner of the Furet, a 15 tonne privateer, 27 February 1809 In the days of fighting sail, a… …   Wikipedia

  • licence, license —    For certain words that can function as both noun and verb, it was once common to distinguish the two forms by varying the penultimate letter, using a c in the noun form and an s in the verb. In America the practice is still preserved in a few… …   Dictionary of troublesome word

  • licence, license —    For certain words that can function as both noun and verb, it was once common to distinguish the two forms by varying the penultimate letter, using a c in the noun form and an s in the verb. In America the practice is still preserved in a few… …   Dictionary of troublesome word

  • letter of marque — noun licence or commission granted by a state to a private citizen to capture and confiscate merchant ships of another nation. Also, letter of marque and reprisal …  

  • letter of mark and reprisal — noun a license to a private citizen to seize property of another nation • Syn: ↑letter of marque, ↑letters of marque • Hypernyms: ↑license, ↑licence, ↑permit …   Useful english dictionary

  • letter of marque — noun a license to a private citizen to seize property of another nation • Syn: ↑letters of marque, ↑letter of mark and reprisal • Hypernyms: ↑license, ↑licence, ↑permit …   Useful english dictionary

  • letter of marque — noun historical a licence to fit out an armed vessel and use it in the capture of enemy merchant shipping and to commit acts which would otherwise have constituted piracy. Origin ME: Law Fr. marque, from OFr. marque right of reprisal …   English new terms dictionary

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