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licensing fee

 

Definitions from WordNet

Noun licensing fee has 1 sense
  1. licensing fee, license fee, license tax - a fee paid to the government for the privilege of being licensed to do something (as selling liquor or practicing medicine)
    --1 is a kind of fee

Definitions from the Web

Licensing Fee

Noun

A licensing fee refers to the payment made by an individual or organization to obtain the legal right to use a specific product, service, or intellectual property.

Example sentences:

  • Before using the copyrighted image, the designer had to pay a licensing fee to the photographer.
  • The company announced a reduction in the licensing fees for their software, attracting more buyers.

Popular usage:

In popular usage, the term "licensing fee" often refers to the monetary charge associated with using licensed software, music, or artwork.

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