This license contains the terms and conditions needed to make free software libraries
available to the public. With this license, the software can be changed under certain
conditions and redistributed.
Utah GNU Lesser General Public License
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FAQ
1 (LGPL v2. 1 for short) is a variation of the regular GNU General Public License (GPL). Originally known as the GNU Library General Public License, it was drafted by the Free Software Foundation (FSF) to provide a weaker (or Lesser) form of copyleft for use in certain specific circumstances.
Short answer is yes, you can sell your application under any license you like.
The GNU General Public License, often shortened to GNU GPL (or simply GPL), lists terms and conditions for the copying, modification and redistribution of open source software. The GPL was created by Richard Stallman in order to protect GNU software from being made proprietary.
The GNU Lesser General Public License (LGPL) is a member of the GNU family of open source licenses, along with the GNU GPL v2, the GNU GPL v3, and the GNU AGPL License.
Among today's more popular OSS licenses is the GNU (of the GNU Project) General Public License Version 2.0, commonly referred to as simply GPL v2. Initially released in 1991, the GPL 2 is a copyleft license, meaning users must abide by some strict rules and requirements.
Now you may think you already do this, but looking at the licenses, I see little to no difference between GPL and LGPL unless I really study it (or already know the difference)LGPL is not viral like GPL.
One is the GNU Lesser GPL; the other is the ordinary GNU GPL. The choice of license makes a big difference: using the Lesser GPL permits use of the library in proprietary programs; using the ordinary GPL for a library makes it available only for free programs.
You can use and distribute LGPL libraries on your website and use them in combination with commercial code. The only big restriction is that you must keep the library open source, including any modifications you make to it, and allow your users to obtain the source, licence and copyright information for the library.
In brief: GPL is mostly for programs while LGPL is limited to software libraries. Whenever changes are made under GPL license, source codes are required and changes must also be licensed under GPL, while LGPL may allow non-GPL programs to link to libraries but must still provide source codes.
Applying LGPL to a library ensures that the library itself and any modified versions of it will remain open source. But it can be used by closed source software.