<> It is my understanding the GPL v3 license restricts any commercial
> closed source use except in the case that the GPL'ed source code is
> compiled into a separate library that is linked to during run-time vs.
> being compiled into the exe file itself.
LGPL (for LesserGPL) let you link to a library without making your
application source code available.
This is the license a lot of library use (ex.: QT)

If you use GPL code in your application, you have to license it under GPL too.

> It is my understanding the BSD license allows anyone to do anything with
> the source however you retain full copyright and ownership.  For example
> the Mac OS X is based off of FreeBSD

The BSD license let you take the code and do whatever you want with
it, even making it closed source. As an example, the TCP/IP stack of
Windows is closed source, but is based on the BSD stack.

So if you license your code on BSD, someone could take it, compile a
Delphi component with it, then call it is own and sell it.

DISCALAIMER - I am not a lawyer either :)
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