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Don't let the corporations tell you otherwise
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Licensed, specifically a unilaterally revocable and non transferable licence to view personally. Leasing implies recurring payments, and some areas allow lease assignments and other consumer protections that aren't afforded to licensing.
Renting implies reoccurring payment, leasing just means "agreement to use X under Y conditions". Example A: A device leases an IP address from a router. Example B: You rent a movie from blockbuster.
Thanks. I wasn't aware of the difference