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Named Licenses are assigned to a User. They include Cloud Services. Give access to the free fonts at https://fonts.adobe.com/fonts (currently 179 font families). Can be installed on a single userís desktop and the same userís laptop (often translated by non-profit organisations to home computer). This could be two laptops or two desktops, one could be a PC and the other a Mac. Named License applications are current versions and will continue to be updated.
With all Creative Cloud licenses the software is installed on the computer; you do not need to be connected to the internet to use the applications.