Licentiate

Definition:

(n.) One who has a license to exercise a profession; as, a licentiate in medicine or theology.
(n.) A friar authorized to receive confessions and grant absolution in all places, independently of the local clergy.
(n.) One who acts without restraint, or takes a liberty, as if having a license therefor.
(n.) On the continent of Europe, a university degree intermediate between that of bachelor and that of doctor.
(v. t.) To give a license to.

Compare licentiate with other words:

bachelor vs. licentiate