license

[lahy-suhns]
noun
1.
formal permission from a governmental or other constituted authority to do something, as to carry on some business or profession.
2.
a certificate, tag, plate, etc., giving proof of such permission; official permit: a driver's license.
3.
permission to do or not to do something.
4.
intentional deviation from rule, convention, or fact, as for the sake of literary or artistic effect: poetic license.
5.
exceptional freedom allowed in a special situation.
6.
excessive or undue freedom or liberty.
8.
the legal right to use a patent owned by another.
verb (used with object), licensed, licensing.
9.
to grant authoritative permission or license to.

Origin:
1325–75; Middle English licence < Middle French < Medieval Latin licentia authorization, Latin: freedom, equivalent to licent- (stem of licēns, present participle of licēre to be allowed) + -ia -ia; see -ence

licensable, adjective
licenseless, adjective
licenser; especially Law, licensor, noun
de-license, verb (used with object), de-licensed, de-licensing.
nonlicensable, adjective
nonlicensed, adjective
prelicense, noun, verb (used with object), prelicensed, prelicensing.
relicense, verb (used with object), relicensed, relicensing.

certificate, degree, diploma, license.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
license (ˈlaɪsəns)
 
vb
1.  to grant or give a licence for (something, such as the sale of alcohol)
2.  to give permission to or for
 
'licensable
 
adj
 
'licenser
 
n
 
'licensor
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

license
see licence.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
All the big drug companies are already licensing products from or taking equity stakes in biotechs.
We can sell banner ads against that content without actually licensing it.
If such a licensing can not be made to work, then patents are a bad idea, as
  stated in the article.
How this licensing is done for each substance is another matter, but the main
  target is to take them out of illegal channels.
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