Perpetuity, in general, means “eternity.” And in finance, that concept of an everlasting state applies. A perpetuity describes a constant stream of cash with no end. But what is a perpetuity in more ...

In 1648, a Dutch government authority issued a bond that promised to pay interest forever. Written on goatskin, five such bonds are known to exist today. Yale University owns one, andin 2015, ...

Annuities and perpetuities are insurance products that make payments on a fixed schedule. An annuity makes these payments over a fixed period of time and then ends. A perpetuity makes these payments ...

A level annuity is a series of identical cash flow payments made at equally spaced intervals of time. There are many such examples in real life. Salaries and rent till they are revised. Interest on ...

Twenty-seven of the top 50 foundations were incorporated in perpetuity, with combined endowments of $93 billion in 2018. The other 23— $159 billion in investable assets (about 30 percent from The Bill ...

In a recent case, the 11 th Circuit discussed conservation easements and their statutory requirements. The full case addressed three issues: (1) the granted-in-perpetuity requirement, (2) the effect ...