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.
A: In the context of property law, perpetual easement is used to describe the rights entitled to a landowner to make limited use of his neighbor's land, such as crossing it to reach his own property, according to Dictionary.com. The site also notes that perpetual means that something that is never ending or has no limit regarding time.