What Does Product Key Mean?

A product key is a specialized code for a licensed piece of software. By using a product key, software companies can ensure that users are not “cracking” products or otherwise accessing them illegally. A product key typically consists of a sequence of letters and numbers that is printed on a sticker inside the box or is otherwise delivered to the legitimate customer.

Techopedia Explains Product Key

Software makers have their own conventions for product keys. For example, in some Microsoft products, the product key is 25 characters long. In many cases, a type of verification function or algorithm works to authenticate the product key.