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in perpetuity

 - 5 dictionary results
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per⋅pe⋅tu⋅i⋅ty

  [pur-pi-too-i-tee, -tyoo-]
Use in perpetuity in a Sentence
–noun, plural -ties.
1. the state or character of being perpetual (often prec. by in): to desire happiness in perpetuity.
2. endless or indefinitely long duration or existence; eternity.
3. something that is perpetual.
4. an annuity paid for life.
5. Law. an interest under which property is less than completely alienable for longer than the law allows.
Origin:
1375–1425; late ME perpetuite < L perpetuitās. See perpetual, -ity
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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per·pe·tu·i·ty   (pûr'pĭ-tōō'ĭ-tē, -tyōō'-)   
n.   pl. per·pe·tu·i·ties

  1. The quality or condition of being perpetual: "The perpetuity of the Church was an article of faith" (Morris L. West).

  2. Time without end; eternity.

  3. Law

    1. The condition of an estate that is limited so as to be inalienable either perpetually or longer than the period determined by law.

    2. An estate so limited.

  4. An annuity payable indefinitely.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

perpetuity

A stream of payments that is expected to last indefinitely.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: per·pe·tu·i·ty
Pronunciation: "p&r-p&-'tü-&-tE, -'tyü-
Function: noun
Inflected Form: plural -ties
1 : the quality, state, or duration of being perpetual perpetuity>
2 a : the condition of a future estate limited in such a way as not to vest within the period fixed by law for the vesting of an estate; also : a limitation that gives rise to such a situation b : an estate that will not vest within the period fixed by law —see also RULE AGAINST PERPETUITIES, STATUTORY RULE AGAINST PERPETUITIES
3 : an annuity payable forever
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Idioms & Phrases

in perpetuity

For all time, forever, as in This land was given to the state in perpetuity. [First half of 1400s]

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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