1.AdjectiveHaving been issued with a licence (by the required authority).
"Only licensed exterminators can purchase rat poison in this state.; The opening hours of licensed premises are restricted to prevent all-night drinking."
2.AdjectiveAllowed to sell alcohol.
"The opening hours of licensed premises are restricted to prevent all-night drinking."
3.AdjectiveAuthorized by licence.
"Even licensed fishing has a major effect on the fish population in the river.; Although they sell well, licensed video games are seldom critically acclaimed."
4.AdjectiveBased on an existing piece of intellectual property and sold under licence.
"Although they sell well, licensed video games are seldom critically acclaimed."