License

Abbreviation(s) or Acronym(s): None

Definition(s):

  1. (noun) A formally documented Agreement or Contract, often in electronic form, written to convey entitlement to specific Services or Assets — such as Software or Intellectual Property (IP) — that grants and governs permission of use.

  2. (verb) To grant formal permission for the use of a Service or Asset through a documented Agreement or Contract.