license

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license

An authorization for a particular person or entity to do some act on the land or property of another. Licenses are revocable at will, grant no exclusivity, and are not assignable.The one who receives the license is the licensee;the one who grants it is the licensor.

References in periodicals archive ?
The Institute expects to commence full operations before the end of the second quarter, following receipt of all applicable government licenses.
In the case of the trust, the environment is somewhat more favorable because of the relatively weak competition; restrictive controls on the issuance of government licenses that are required for operators and for developing health care facilities such as those owned by the trust; and the capital and professional resources required to build, own, and operate such facilities.

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