The geocodes the API returns are jointly licensed under the ODbL, CC-BY-SA licenses. In regards to the various EU government data used to derive our API responses, Reuse is authorised, provided the source is acknowledged. The reuse policy of the European Commission is implemented by a Decision of 12 December 2011.
In short, You can cache your geocodes, store them however you want, use them however you want, even commercially.
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Changes take effect immediately from the time of publication. Continued use of the service implies acceptance of changes.Version: February 1st, 2017
Geoparsing Long Feeds.