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1 definition found
 for run-time library
From The Free On-line Dictionary of Computing (30 December 2018) :

  run-time library
      A file containing
     routines which are linked with a program at run time rather
     than at compile-time.  The advantage of such dynamic
     linking is that only one copy of the library needs to be
     stored, rather than a copy being included with each
     executable that refers to it.  This can greatly reduce the
     disk space occupied by programs.  Furthermore, it means that
     all programs immediately benefit from changes (e.g. bug
     fixes) to the single copy of the library without requiring
     recompilation.  Since the library code is normally classified
     as read-only to the memory management system, it is possible
     for a single copy of the library to be loaded into memory and
     shared by all active programs, thus reducing RAM and
     virtual memory requirements and program load time.

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