What is a License? This is your “right” to use the software. Think of it like a driver’s license. You can’t operate a vehicle without a driver’s license. Similarly, all users of the software must own a license to use the software. This license is provided by iLok.
What is a License Activation Key? This is a series of numbers used to retrieve your license from iLok and pair it with your iLok account. Once the license is activated, it lives within your account or device unless you transfer it to someone else.
What is a deposit target? This is a supported device where your license can be stored. Typical devices are your Computer otherwise known as “Host Machine”, an iLok dongle, or the iLok Cloud. When you “deposit your license” to a deposit target, you are moving that license from one location to another. If your license is not deposited - it waits inside your iLok account to be deposited to a supported iLok device.