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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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
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.
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.