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Meaning of “licence fee” in the English Dictionary

"licence fee" in Business English

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licence feenoun [C]

uk   us   UK US license fee, also licensing fee
LAW, COMMERCE an amount of money that you pay a company or organization to give you permission to use, do, or have something: A pharmaceutical company paid a licence fee of $1m for the drug.
COMMUNICATIONS in the UK, money that people pay each year to be able to use BBC television and radio, that is used to pay for the BBC rather than using advertising: The corporation's funding from the licence fee will come under government scrutiny.
(Definition of licence fee from the Cambridge Business English Dictionary © Cambridge University Press)
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“licence fee” in Business English

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