This is the 9105th most frequent German word.
lizenz
License.
In this sentence, 'Lizenz' refers to a software license, which is a document or agreement granting specific usage rights for a software product.
Ich habe eine neue Lizenz für die Software gekauft.
I bought a new license for the software.
Here, 'Lizenz' is used to denote a driver's license, a legal document granting permission to drive.
Er hat die Lizenz verloren, die ihn zum Führen des Fahrzeugs berechtigte.
He lost the license that permitted him to operate the vehicle.
In this case, 'Lizenz' represents an authorization or permit required for international trade or exports.