"Yearly License Subscription" would describe it better.
>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.
Regards N Mc Donald