licensing
licensing Lexical Profile
licensing Game Scores & Validity
• noun
The action, process, or system of granting an official permit or legal authorization to own, use, or do something, such as practicing a regulated profession or selling controlled goods.
"State medical boards oversee the strict licensing of physicians and surgeons."
A commercial arrangement in which a company grants another entity the legal right to use its intellectual property, patents, trademarks, or software in exchange for royalties or a fee.
"The studio generates millions of dollars each year through merchandise and software licensing."
• verb
To grant an official permit or legal authorization to someone to own, use, or do something, or to authorize the commercial use of intellectual property (present participle of license).
"The pharmaceutical firm is licensing its patented formula to overseas manufacturers."
Word Nuance & Usage
In American English, both the noun and verb forms use 's' (license, licensing), whereas British, Australian, and Canadian English use 'c' for the noun (licence) and 's' for the verb and verbal noun (license, licensing), though 'licencing' occasionally appears in British administrative contexts.