Licensing 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 state charges a hefty licensing fee to doctors who want to practice medicine within its borders.
- The liquor store owner had to pay a significant licensing fee to the government in order to sell alcohol.
- The company had to pay a licensing fee to the government in order to operate a casino on Native American land.
- The licensing fee for a commercial fishing permit was so high that many fishermen were forced to give up their livelihood.
- The state increased the licensing fee for real estate agents, making it more difficult for new agents to enter the profession.