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.
Renew Expiring Licence. Licence renewal process refers to the submission of renewal application by licensee. Depending on the agencyâs licensing policy, a licence may expire after its validity period. For such licences, a renewal notification will be sent to the licensee before the expiry date.