How does a "single license" work?

With some products (Microsoft Office comes to mind) the single license gives you 1 desktop and 1 "portable". This is my situation, so if this is the case, I can buy single. If not, I guess it's family. What's the licensing scheme?
Also, does it "authenticate" such that a change to a new computer in the future leads to hassle to re-authenticate (a la MSOffice)? Or is it just whether the software recognizes the key?

From the Apple software license:
*B. iWork Single User License.* This License allows you to install and use one copy of the Apple Software (whether trial or full version) on a single Apple- labeled computer at a time. This License does not allow the Apple Software to exist on more than one computer at a time, and you may not make the Apple Software available over a network where it could be used by multiple computers at the same time. You may make one copy of the Apple Software in machine-readable form for backup purposes only; provided that the backup copy must include all copyright or other proprietary notices contained on the original.
*C. iWork Family Pack License.* This License allows you to install and use one copy of the Apple Software on up to a maximum of five (5) Apple-labeled computers at a time as long as those computers are located in the same household and used by persons who occupy that same household. By "household" we mean a person or persons sharing the same housing unit such as a home, apartment, mobile home or condominium. This license does not extend to students who reside at a separate on-campus location or to business or commercial users. You may not make the Apple Software available over a network.

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How does a "single license" work?

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