Does the MS Office Home & Student for Mac license include all future updates?

Per the MS Office Home & Student for Mac description in the Apple Store website, " All-new upgrades are included, so you’ll always have the latest versions and applications. ". Please confirm if this license includes all future Office updates, so we will "... always have the latest versions..." Thanks.

Microsoft Office Home & Student 2016 for Mac

Microsoft Office Home & Student 2016 for Mac

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