Full Packaged Product
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Full Packaged Product is a Microsoft term related to the general software term "retail product". In essence it is packaged (aka boxed) software, with single License key and media it is different from OEM in that it can be sold individually, and through many different channels, such as Retail store, vendor, or even re-sold.
[edit] References
http://www.microsoft.com/resources/sam/partnerguide/lal_guide_retail.mspx http://download.microsoft.com/download/d/2/3/d23b9533-169d-4996-b198-7b9d3fe15611/downgrade_chart.doc