License Fee (Noun)
Meaning
A fee paid to the government for the privilege of being licensed to do something (as selling liquor or practicing medicine).
Classification
Nouns denoting possession and transfer of possession.
Examples
- The annual license fee for selling liquor was raised significantly, forcing many small businesses to shut down.
- In order to practice medicine in the state, she had to pay a hefty license fee and pass a rigorous exam.
- The license fee for running a restaurant in the city was prohibitively expensive for many would-be entrepreneurs.
- He had to pay a steep license fee to start his own private security company.
- The new license fee structure for telecommunications companies was designed to generate additional revenue for the government.