Automatic license extencion or renewal

Götz Echtenacher wrote:

I do not understand exactly what the automatic-license-extension (or -renewal) does, both terms seem to be used simultaneously for the same thing.
Does it mean the activation period is extended as stated here: License activation, transfer and renewal 3rd Post by Wishgranter or rather the renewal of the paid license as I understand it here: License activation, transfer and renewal 4th Post by lubenko?

Hello Götz,
when you have the option below ticked (under the respective license here: https://www.capturingreality.com/my.licenses), then this will happen: License activation, transfer and renewal

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(By the way, both posts you have referred us to have been made by me.)