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Meaning of sublicense

sub•li•cense

Pronunciation: (sub-lī'suns), [key]
— n., v., -censed, -cens•ing.
—n.
  1. a license or contract granted to a third party by a licensee for specified rights or uses of a product, brand name, logo, etc.
—v.t.
  1. to grant a sublicense for.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.