An individual who is allowed to enter a piece of property by permission of the owner. For the purpose of this definition, there cannot be any kind of reciprocal profit motive between the licensee and the property owner. Someone who is allowed to hunt on a piece of property would be classified as a licensee.

The simplest definition of licensee is simply someone who has been issued a license. This can be any type of license, including one to sell insurance or securities. But the legal definition is listed above, and property owners are required to inform licensees of any possible dangers on the property.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • licensee — li·cens·ee /ˌlīs ən sē/ n: one to whom a license is given a patent licensee; specif: one (as a firefighter in the course of his or her duty) who is on the property of another by authority of law or by the consent or invitation of the possessor… …   Law dictionary

  • licensee — li‧cen‧see [ˌlaɪsnˈsiː] noun [countable] LAW 1. someone who has official permission to do something, especially to sell alcohol: • The full licence enables the licensee to sell liquor for consumption either on or off the premises. 2. an… …   Financial and business terms

  • Licensee — Li cen*see (l[imac] sen*s[=e] ), n. (Law) The person to whom a license is given. [1913 Webster] …   The Collaborative International Dictionary of English

  • licensee — 1837, from LICENSE (Cf. license) + EE (Cf. ee) …   Etymology dictionary

  • licensee — ► NOUN ▪ the holder of a licence, especially to sell alcoholic drinks …   English terms dictionary

  • licensee — [lī΄sən sē′] n. a person to whom a license is granted …   English World dictionary

  • Licensee — This article is about the common law concept of a licensee; see here for information on licenses A licensee is a term used in the law of torts to describe a person who is on the property of another, despite the fact that the property is not open… …   Wikipedia

  • licensee — [[t]la͟ɪs(ə)nsi͟ː[/t]] licensees 1) N COUNT A licensee is a person or organization that has been given a licence. [FORMAL] 2) N COUNT A licensee is someone who has been given a licence to sell alcoholic drinks, for example in a pub. [BRIT] …   English dictionary

  • licensee — UK [ˌlaɪs(ə)nˈsiː] / US [ˌlaɪs(ə)nˈsɪ] noun [countable] Word forms licensee : singular licensee plural licensees someone who has a licence to do something, especially to sell alcoholic drinks …   English dictionary

  • licensee — sub·licensee; …   English syllables

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