Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
If your version of Office is Office Home and Student, then the error you are seeing is caused by an update in July, many people are seeing the exact same error, after that update, it is no longer possible to update the security certificates on Office 2019 on an Apple Mac device, your Office apps will go into Read Only mode, on the link below they provide full details on that update