When you borrow a license from the license server, and you Perform a Status Inquiry, the log file will have the following information:
"85536ACD_2011_0F" v1.000, vendor: adskflex floating license
Administrator LAUD-W7ENU64 LAUD-W7ENU64 (v1.0) (TOR2UA13809X0/27000 202), start Tue 1/10 13:30 (linger: 221280)
The linger value is in seconds. So this means that the license will be borrowed for 2.56 days via the Google calculator.
Additional reference posts: