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It seems “open source” means different things for different people.
If you could see the code but were not allowed to redistribute it then I’d call it “source-available”… but you can redistribute the code, in this unusual case.
Forbidding reselling to any degree makes it “non-free” (as in freedom), which is the important part. The term “open source” was created to speak about “free software” without the moral or political aspects of user freedom.
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