BusinessAugust 16, 2026

permitholder

PUR-mit-hohl-der

Definition

An entity or business that has been granted a formal license or permit to operate a specific type of regulated activity, such as gambling or racing.

Etymology

The word is a compound of 'permit,' from the Latin 'permittere' (to allow), and 'holder,' derived from the Old English 'healdan' (to keep or guard).

In the news

In this article, the term refers to Gulfstream Park as a 'thoroughbred permitholder,' which identifies it as a business authorized to conduct horse racing and therefore subject to specific state regulations regarding live racing requirements.

Gulfstream Park Decoupling Effort Dealt Court Setback

Read the full article ↗

BloodHorse

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