Licentiate is the title of a person who holds an academic degree known as a licence or a licentiate.hile the term licentiate is not generally used by Canadian academic institutions, a Licentiate in Laws (LL.L.) is offered by some Canadian universities for the completion of studies equivalent to a Bachelor of Civil Law.
For insurance rating purposes, the date of construction or date of substantial improvement (the date the permit was issued provided that construction begins within 180 days of the permit date) is utilized to determine if a building is considered pre-FIRM or post-FIRM.
Quick Answer. Investopedia defines a firm as a business organization, such as a corporation or a partnership, with different levels of legal protection. However, the Ludwig Von Mises Institute states that a firm in economics plays an important role in markets regardless of its legal definition.