licence fee Meaning in the Cambridge English Dictionary
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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 ​pharmaceuticalcompanypaid a ​licencefee of $1m for the ​drug.
COMMUNICATIONS in the UK, ​money that ​peoplepay 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 ​licencefee will come under ​governmentscrutiny.
(Definition of licence fee from the Cambridge Business English Dictionary © Cambridge University Press)
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