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What is shareware?

What is shareware? Here are some definitions.

Noun
  1. (software) A type of software that is distributed without payment but is limited in any combination of functionality, availability, or convenience.
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The shareware version has some limitations that will be removed after buying a license.
There are commercial products, shareware, freeware, open source, and even hardware products.
I was recently downloaded and installed a shareware program which encodes audio and video multimedia files.
When you download freeware or shareware, chances are that you are downloading spyware with it.
I mean, it is an iD shareware product, the child of a small independent studio.
The shareware experience indicates that it is possible to return a profit even in the absence of enforcement mechanisms.

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