Definitions
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noun 
  1. A legal document giving official permission to do something, a permit.
  2. The legal terms under which a person is allowed to use a product, especially software.
Even if you bought this product, it does NOT belong to you. You have a to use it under the terms of this agreement, until you breach this agreement.
  1. Freedom to deviate deliberately from normally applicable rules or practices (especially in behavior or speech)
  2. Excessive freedom; lack of due restraint.
When liberty becomes dictatorship is near, Will Durant
  1. An academic degree, the holder of which is called a licentiate, ranking slightly below doctorate, awarded by certain European and South American Universities.
verb (licens, ing)
  1. The act of giving a formal (usually written) authorization.
It was decided to license Wikipedia under the GFDL.
  1. Authorize officially.
I am licensed to practice law in this state.

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