perpetuity

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Perpetuity

A constant stream of identical cash flows without end, such as a British consol.

Perpetuity

Cash flows paid to a person or company on an ongoing basis that are expected to go on indefinitely. The cash flows ordinarily do not increase, and as a result become less valuable over time because of inflation.

perpetuity

A stream of payments that is expected to last indefinitely.

perpetuity

Never ending; forever. A legal principle called the rule against perpetuities says that transfers of interests in land must vest, if at all, within lives in being plus a gestational period and 21 years, or they are void.