1. noun /ˈlaɪsəns/
Even if you bought this product, it does NOT belong to you. You have a license to use it under the terms of this agreement, until you breach this agreement. <![
b) The legal terms under which a person is allowed to use a product, especially software.
When liberty becomes license dictatorship is near.
2. verb /ˈlaɪsəns/
a) The act of giving a formal (usually written) authorization.
It was decided to license Wikipedia under the GFDL.
b) Authorize officially.
I am licensed to practice law in this state.
Wikipedia foundation.