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.
TERM LICENSE VS PERPETUAL LICENSE. I will like to know what kind of license are you using for your company or university, a term or perpetual license? Why you selected that kind of license? and finally, if you have selected the perpetual license, do you renew your suscription every year?