When you assign a ‘ named user license’ to someone, a seat at the table is reserved in that user's name, and that seat is always available until the software license expires. Having an active software license can be thought of as having a seat at the table. In general, a software license simply defines the terms on which an end-user can legally access an instance of software. Floating software license means that a limited number of software licenses are shared by a larger number of users on a first come, first served basis.
