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What's the difference between a license subscription and a license key?

TypeWell’s software is licensed to users on a subscription (i.e., pay-as-you-go) basis, by the month or by the year. A license subscription may be purchased by an individual, a school, or a business or other organization. When a user pays for a license subscription, TypeWell grants the user a copy of the software under the end-user license agreement (EULA) for the duration of the subscription, which may be one or more months or years. One license promotes the user to install and activate one copy of the software, on one machine at a time.
