letter of licence Meaning in Cambridge Business English Dictionary
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Meaning of "letter of licence" - Business English Dictionary

letter of licence

noun [C] ( plural letters of licence) UK ( US letter of license)
 
 
LAW a written document by someone who is owed money in which they formally agree to allow more time for the debt to be paid back
(Definition of letter of licence from the Cambridge Business English Dictionary © Cambridge University Press)
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