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| per·pe·tu·i·ty [ pùrpə t ətee ] (plural per·pe·tu·i·ties) |
noun |
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| Definition: |
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1. perpetual condition: the state of continuing for a long time or indefinitely
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2. eternity: eternity or the rest of time
  a sacrifice honored in perpetuity
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3. commercial law transfer of real estate forever: the transfer of real estate for an unlimited period of time, restricted in law by the rule against perpetuity. The maximum legal period of transferred ownership is based on the length of a life in existence at the time plus 21 years plus a nine month period of gestation.
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4. finance investment: an investment designed to pay an annual return indefinitely, having no maturity date
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| [15th century. Via French< Latin perpetuitas< perpetuus (see perpetual)] |
