Licence: Difference between revisions
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imported>Doug Williamson (Link with Lease page.) |
imported>Doug Williamson (Add definition - source - linked pages.) |
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1. ''Public authorities.'' | |||
Official permission or permit to do, use, or own something. | Official permission or permit to do, use, or own something. | ||
For example, a licence to carry on a trade | For example, a licence to carry on a trade. | ||
A fee or proof of capability may be required. | |||
Authorities may issue a licence, to allow an activity that would otherwise be illegal such as driving or selling alcohol. | Authorities may issue a licence, to allow an activity that would otherwise be illegal such as driving or selling alcohol. | ||
2. ''Private sector - limited rights of use.'' | |||
Permission from a private sector owner to exercise limited rights over property. | |||
For example, to use computer software for a specified period of time. | |||
In relation to land, a licence is generally a more limited right than a lease. | |||
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* [[Amortisation]] | * [[Amortisation]] | ||
* [[Lease]] | * [[Lease]] | ||
* [[Private sector]] | |||
* [[Software]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 16:05, 2 July 2022
1. Public authorities.
Official permission or permit to do, use, or own something.
For example, a licence to carry on a trade.
A fee or proof of capability may be required.
Authorities may issue a licence, to allow an activity that would otherwise be illegal such as driving or selling alcohol.
2. Private sector - limited rights of use.
Permission from a private sector owner to exercise limited rights over property.
For example, to use computer software for a specified period of time.
In relation to land, a licence is generally a more limited right than a lease.
