noun the state or quality of lasting forever or for an indefinitely long time
adverb in a way that lasts forever or for an indefinitely long time
In real estate, perpetuity refers to a type of property ownership that lasts indefinitely, with no set end date.
In law, perpetuity can refer to a legal restriction on the transfer of property that lasts for an indefinite period of time.
In finance, perpetuity is often used in the context of perpetuity growth model, which calculates the value of a company's stock based on the assumption that it will continue to generate cash flows indefinitely.
In economics, perpetuity is used in the context of perpetuity formula, which calculates the present value of a series of equal cash flows that occur at regular intervals indefinitely.
In the context of writing, perpetuity may refer to the rights of an author to have their work protected and continue to generate income indefinitely.
Psychologists may use the concept of perpetuity when discussing long-term effects or patterns of behavior that persist over time.
Lawyers may encounter perpetuity in legal documents such as contracts or wills, where terms may be intended to last indefinitely.
Real estate agents may deal with perpetuity when discussing property rights or leases that extend for an indefinite period.
In finance, perpetuity is a type of financial instrument with no maturity date, often used in valuation models and calculations.