Licensing Fee
Type: noun
Pronunciation: /lie-sens-in-fee/
Also spelled or known as: License Fee
Plural: Licensing Fees
Related: Licensing
What does Licensing Fee mean? A payment made in exchange for permission to use intellectual property.
Licensing Fees are commonly paid for music synchronization, recordings, trademarks, software, and other protected assets.
Licensing Fee synonyms: License Fee, Usage Fee, Permission Fee
Example sentence: “The accounting team has handled the licensing fee.”
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