licensing
nounUK /ˈlaɪsənsɪŋ/
US /ˈlaɪsənsɪŋ/
Giving someone official permission to do or use something.
The city handles the licensing of food trucks.
RELATED WORDS
OTHER MEANINGS
2. The process of granting legal rights to make or sell a product.
The company earns money through the licensing of its cartoon characters.
3. The act of giving official approval for a business or activity.
Licensing of new restaurants can take several weeks.
4. The business of selling the right to use a brand or invention.
She works in licensing for a music label.