Licit (adjective)

1. Lawful or allowed by law.
2. Not prohibited or illegal.

Origin:

From the latin word "licitus" meaning lawful or permitted.

Examples:

1. The transaction was considered licit and legitimate.
2. The behavior was considered licit and acceptable.
3. The action was considered licit and morally right.
4. The agreement was considered licit and binding.
5. The contract was considered licit and enforceable.