Subscription would be applicable if the software was web-based. For an installed software application "leasing" is better. I am also thinking about using the "contract" for a certain duration with payment spread over the years.
>I would call it a "subscription" - I've heard other people call it "leasing software" but 'subscription' seems to be much more popular these days...
>
>>Good try :)
>>
>>>It's called 'Subscription". :)
>>>
>>>>
>>>>Is there a term for an application purchased/sold on the basis that the customer must pay every year. If the customer does not pay the application stops working. I am trying to find a term or words that describe this type of approach.
>>>>
>>>>TIA.
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