perpetuity
/pəːpɪˈtjʃuːɪti
/ /pəːpɪˈtjuːɪti /noun (plural perpetuities)
1 [mass noun] The state or quality of lasting forever: he did not believe in the perpetuity of military rule...
- In short, the second type of scrutiny, which is very essential in the criticism of traditions, relates to the constancy and perpetuity of the chain of narrators.
- The longevity and perpetuity, if not the excellence, of democracy has ensured that no individual or ideology has been able to paint this country in monochromatic colours.
- I don't know that it's got much to do with the endocrine system, but you seem to have mastered the ‘integrity and perpetuity of life’.
2A bond or other security with no fixed maturity date.This is also about the length of time that discount rates converge to perpetuities.
3 Law A restriction making an interest in land inalienable perpetually or for a period beyond certain limits fixed by law.It is proposed that in future there should be a statutory rule on perpetuities that applies only to specified interests, which are essentially only those arising under wills and trusts....
- The study found that simply changing a state's perpetuities laws wasn't enough to attract trust assets.
- The trust, being created by statute, cannot be held invalid on the ground of perpetuity or on any other ground.
Phrases
in (or for) perpetuity
Origin
Late Middle English: from Old French perpetuite, from Latin perpetuitas, from perpetuus 'continuing throughout' (see perpetual).