license
license Purchased right to transmit RF waves over a given BTA for typically periods of 10 years. The license tightly governs the design parameters of an RF system and its use. RF licenses typically are purchased from the FCC on an auction basis. The FCC provides licenses to ensure maximum competition in a free market (although this is not always obvious in the way the FCC manages the auctions) and spectral efficiency, which is another way of stating efficient use of the RF spectrum.
Source: ftp://espectrocrom.com/pub/manuales/cisco/pdfs/Cisco-Dictionary-Of-Internetworking-Terms-And-Acronyms.pdf
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