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Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
licenced is an adjective meaning "given official approval to act". It carries one recorded sense.
given official approval to act
“an accredited college”
“commissioned broker”
“licensed pharmacist”
“authorized representative”
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for licenced come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.