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.
Customers may extend the term of a one-, two- or four-year term license by purchasing an additional term or perpetual license. Note: Although the license fee is discounted, annual support for term licenses is the same price as annual support for perpetual licenses.