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Laid-Down Cost
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The cost incurred by a supplier to acquire a
specific product or service for resale to the government. This includes
the supplier's invoice price (less trade discounts), plus any applicable
charges for incoming transportation, foreign exchange, customs duty and
brokerage, but excludes the GST/HST. (16/02/98) (prix de revient effectif)
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Letter of Credit
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See ''Irrevocable Standby Letter of Credit''.
(15/09/97) (lettre de crédit de soutien irrévocable)
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License
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A grant of permission, a power or authority given
to another to do some lawful act. It may be written or verbal; when written
the paper containing the authority is called a licence, e.g. software licence,
export or import licence. (23/06/94) (licence)
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License Agreement
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A contract by which permission is given by the
owner of a right to another for the use of that right free from legal recourse.
(23/06/94) (contrat de licence)
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