Permit
Part of speech: verb
Definition: To hand over, resign (something to someone). To allow (something) to happen, to give permission for. To allow (someone) to do something; to give permission to. To allow for, to make something possible. To allow, to admit (of).
Part of speech: noun
Definition: Formal permission. An artifact or document rendering something allowed or legal. A pompano of the species Trachinotus falcatus.
License
Part of speech: verb
Definition: The act of giving a formal (usually written) authorization.Authorize officially.
Part of speech: noun
Definition: A legal document giving official permission to do something; a permit.The legal terms under which a person is allowed to use a product, especially software.Freedom to deviate deliberately from normally applicable rules or practices (especially in behavior or speech).Excessive freedom; lack of due restraint.An academic degree, the holder of which is called a licentiate, ranking slightly below doctorate, awarded by certain European and Latin-American universities.
Example sentence: The License Raj in India was a time when, to set up an industry, you needed a license. Which made the government an omnipresent and sort of all-pervasive authority.