U.S. Code of Federal Regulations
Regulations most recently checked for updates: Aug 27, 2025
(a) General license. The term general license means a written license issued pursuant to this part authorizing a class of transactions and not limited to a particular person.
(b) Specific license. The term specific license means a written license issued pursuant to this part to a particular person or persons, authorizing a particular transaction or transactions in response to a written license application.