the act of allocating; apportionment. 2. the state of being allocated. 3. the share or portion allocated. 4. Accounting. a system of dividing expenses and incomes among the various branches, departments, etc., of a business. Origin of allocation.
Licensing Overview: Term vs. Perpetual License. A perpetual license allows the user to continue to use the software for as long as they continues to comply with the terms of the license agreement. Term license pricing is aimed at companies with small IT budgets, but whose business requires a robust software solution.
Expired means something is no longer valid for the purpose for which it was issued. The state gives a limited amount of time for licenses before they must be renewed. A 12 month learner's permit is a license with a restriction requiring the person to follow extra rules until they get a full license.