IPA: /ˌriːˈlaɪs/
KK: /ˈriːˌlaɪs/
To give someone a new license or to renew an existing license.
The company decided to relicense the software to comply with new regulations.
Past: relicensed
Past Participle: relicensed
Relicense → It is formed from "re-" (meaning again) and "license" (from Latin "licentia", meaning freedom or permission). The word "relicense" means to grant permission again or to renew a license.
Think of getting permission 'again' ('re-') — that's why relicense means to renew a license.