/ˈlaɪsns treɪd/ – Phrase
Definition: buôn bán giấy phép.
A more thorough explanation: The legal English definition of the term “licence trade” refers to a business or commercial activity that requires a license or permit from a government authority in order to operate lawfully. This typically includes businesses such as bars, restaurants, retail shops selling alcohol, and other establishments that serve or sell regulated products or services. Operating a licence trade without the necessary license or permit may result in legal consequences or penalties.
Example: The government requires all businesses to obtain a license to trade in the city.