perpetuity

Vocabulary Word

Definition

'Perpetuity' is when something lasts forever without stopping or ending. Think of it like a movie that never ends, continually playing scene after scene.

Examples in Different Contexts

In endowment funds, 'perpetuity' is a core concept. A fund manager might declare, 'Managing funds in perpetuity is fundamental to ensure sustained support for beneficiaries, requiring prudent investment and expenditure strategies.'

Practice Scenarios

Business

Scenario:

The financial future of our company depends significantly on the successful implementation of sustainable business practices.

Response:

I agree. If we think in perpetuity, we should prioritize long-term sustainability over short-term profits.

Real Estate

Scenario:

Find out whether the city owns the land permanently or for a fixed-term lease.

Response:

I checked. The land was granted in perpetuity to the city, so they're the permanent owners.