Correct. That is often referred to as literally a "Source available" license which is common from entities such as Microsoft. see https://en.wikipedia.org/wiki

Correct. That is often referred to as literally a "Source available" license which is common from entities such as Microsoft. see https://en.wikipedia.org/wiki/The_Open_Source_Definition https://en.wikipedia.org/wiki/The_Open_Source_Definition for what qualifies as "Open Source"