license

license definition - business

license

An official document that allows a person to own something or perform some act. For example, a person must have a state-issued driver's license and a state-issued license plate in order to legally drive a vehicle on a public road.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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