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.
Update: Added clarification from Adobe on the terms of the pricing plan. In May, Adobe Systems, Inc, announced that it was ending development of its perpetual license software, instead requiring users to become Creative Cloud (CC) subscribers for new software versions of almost every software title it makes.