perpetuity


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Perpetuity

A constant stream of identical cash flows without end, such as a British consol.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

perpetuity

A stream of payments that is expected to last indefinitely.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Exclusively for conservation purposes: As the Tax Court had explained earlier in the opinion, a contribution is not made exclusively for conservation purposes unless the conservation purposes are protected in perpetuity. The court found that Harbor Lofts, as a lessee, was incapable of making a contribution protected in perpetuity, because it could only create a restriction that runs through the term of its lease, which was not perpetual.
land and structures they encumber in perpetuity as required by section
Whether a library elects to license a title in perpetuity or provide access through serial term licenses is a matter determined by a library's unique mix of hosting options, acquisitions budget, long-term need for the content, and other local factors.
A contribution of a conservation easement is deductible only if it 1) achieves a conservation purpose; and 2) that conservation purpose is protected in perpetuity. (8)
Overall a court will undertake an analysis of the lease to determine whether it is intended to offer renewals in perpetuity. One factor to take into account is the lack of a rent escalation clause, which would be an unreasonable omission in a perpetual lease.
It however agreed to sign it after the US and others offered additional comfort by extending the four-year peace clause to perpetuity.
Once purchased, the land will be legally protected from development in perpetuity.
The way to do this would be to purchase the land from the Council and then gift it in perpetuity to the people of Liverpool.
How appropriate, then, that Khalil Gibran will stand in perpetuity in this very location, not as a sentinel on guard against danger, but rather as a beacon inviting us all to enter those precincts of the mind and spirit that alone are the source of world-embracing concepts and world-changing ideas.
He said the Robinson-Huron Treaty "anticipates and provides economic benefits for us in perpetuity. The annuity was intended to be our revenue stream, our share of the wealth generated by revenues from our territory, yet many of the beneficiaries live in poverty.
"This display, which will live in perpetuity, is a perfect example of how the not-for-profit human services world can successfully partner with the for-profit corporate community," said Robert S.