|Application Service Provider (ASP)|
An application service provider is a company that delivers software applications to multiple users over the Internet or other network. Instead of purchasing software licenses directly from vendors or re-sellers, companies rent the software from an ASP, which hosts, maintains and upgrades software applications and computer hardware.
Source: Vinson & Elkins LLP Practice Support, EDD Glossary.
Providing a computer program or application across a broadband connection as a third-party provider. Allows users to lower the cost of deploying an application.
Source: Formerly American Document Management, Glossary of Terms, now 5i Solutions Glossary.
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