The fourth edition incorporates more than 10,000 new words and senses. An amount of money paid by an individual or business to a government agency for the privilege of performing a certain service or engaging in a certain line of business. In other words, its a company that buys goods internationally and ships them in for domestic purchases and vise versa. The secret agent was granted a license to kill by the cia. The company manufactures marlboro under license from philip morris. Oxford dictionary of english free download for windows. Business noun definition and synonyms macmillan dictionary. The definition of licensing aka the definition of brand licensing. Second, it may mean getting a little better margin because its. License definition of license by websters online dictionary. This guide is a quick reference for home buyers and sellers, real estate professionals, business students, investors, or attorneys. The definition of business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated. It is the assumption of a state of peace to the extent of the license.
License legal definition of license legal dictionary. Barrons dictionary of real estate terms includes more than 3,000 terms and definitions to help you feel comfortable using modern real estate language. If you are a business owner, you may want to license the use of your brand or products to another business in order to gain more exposure for your company and earn revenue on the side. Licenses definition of licenses by the free dictionary. The effects of the license are to suspend or relax the rules of war to the extent of the authority given. A permit to operate an enterprise that is typically required by a government authority before operation commences.
Licensure definition of licensure by medical dictionary. Atlas, dictionary, directory, encyclopedia, handbook, thesaurus, or any other work designed to be used in finding specific items of information, rather than for cover to. Licensing is the practice of leasing a legally protected property such as a trademarked or ed name, logo, likeness, character, phrase or design to another party in conjunction with a product, service or promotion. First, it may mean you have something unique your competitors dont. Business license definition what is business license. Board definition is a piece of sawed lumber of little thickness and a length greatly exceeding its width. Software licensing describes the legal rights pertaining to the authorized use of digital material.
The requirements and fees vary based on your business activities, location, and government rules. A legal document that grants you the right to operate a business in your city. Download oxford dictionary of english gives the detailed meaning of words along with its pronunciation, synonyms, antonyms, grammatical usages and sentences in which the word is. Most small businesses need a combination of licenses and permits from both federal and state agencies. A business license grants the owner the right to start and run a particular type of business in the city, county, state, or country that issues it.
Definition and synonyms of business from the online english dictionary from macmillan education. The following is an old definition of book account 1. License definition and meaning collins english dictionary. A license is an official document that gives you permission to do, use, or own something. The definition of business is an occupation or trade and the purchase and sale of products or services to make a profit. Failure to adhere to software license agreement terms often incurs criminal charges related to licensed intellectual property ip and ed material. The main two purposes of a license are to regulate the quality of businesses and restrict how many businesses can operate in a given geographical area or market. Government agencies can fine or shut down a business that operates without a license, so find out if you. Licensing meaning in the cambridge english dictionary. The pharmaceutical company treated its sole ownership of lifesaving drugs formula as a license to charge exorbitant amounts of money for it.
An account evidenced by one or more books regularly kept in the particular business or calling. Licensing definition and meaning collins english dictionary. The licensure of health care personnel traditionally has been the responsibility of the state licensing boards, governed by licensing statutes enacted by the state. Authority or liberty given to do or forbear any act.
Youll need to get a federal license or permit if your. Relicensing definition of relicensing by medical dictionary. The most common form of licensing is the governmental kind. Starting an author, book publisher business i just published my first book. A software license is a document that provides legally binding guidelines for the use and distribution of software. Free and open source licenses include free software with no monetary usage charge, but.
Depending on your business, there are other licenses that may also be required. Businessethics dictionary definition businessethics. Change your default dictionary to american english. This is the british english definition of business. An authority given by one of two belligerent parties, to the citizens or subjects of the other, to carry on a specified trade. Both governmental bodies and companies issue or sell these contracts once certain conditions are met. Obtaining a business license usually involves paying a small fee along with submitting an application to the appropriate federal, state, county or.
Business meaning in the cambridge english dictionary. The legal definition of license is a special permission to do something on, or with, somebody elses property which, were it not for the license, could be legally prevented or give rise to legal action in tort or trespass. License the permission granted by competent authority to exercise a certain privilege that, without such authorization, would constitute an illegal act, a trespass or a tort. In business, there are many different people you have to answer to. Licensing and franchising can be done both as a business owner and as someone looking to enter a specific market. A business license is a contract that allows a company to do business for profit. But state government, in addition, licenses many skilled and professional occupations. If a licensed product or technology is physically delivered to the customer, but the license term has not yet begun, revenue should not be recognized prior to inception of the license term. The granting of permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions. A licensing agreement is a written contract between two parties, in which a property owner permits another party to use that property under a specific set of parameters.
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