1. hasp - Noun
2. hasp - Verb
A clasp, especially a metal strap permanently fast at one end to a staple or pin, while the other passes over a staple, and is fastened by a padlock or a pin; also, a metallic hook for fastening a door.
An instrument for cutting the surface of grass land; a scarifier.
To shut or fasten with a hasp.
Source: Webster's dictionaryThis version of Lightworks has also replaced HASP with the new EditShare Licensing System (ELS), which eliminates some installation problems. Source: Internet