permit vs dispensation

permit and dispensation both are nouns.

Word	Noun	Adjective	Verb	Adverb
permit	Yes	No	Yes	No
dispensation	Yes	No	No	No

As nouns, dispensation is a hyponym of permit; that is, dispensation is a word with a more specific, narrower meaning than permit:

Other hyponyms of permit include clearance, conge, congee, allowance, toleration.

permit (noun)	dispensation (noun)
the act of giving a formal (usually written) authorization	the act of dispensing (giving out in portions)
large game fish; found in waters of the West Indies	an exemption from some rule or obligation
a legal document giving official permission to do something	a share that has been dispensed or distributed

permit (verb)	dispensation (verb)
consent to, give permission; permit
allow the presence of or allow (an activity) without opposing or prohibiting
make it possible through a specific action or lack of action for something to happen