A perpetual annuity, also known as perpetuity, is a financial instrument involving the receipt or payment of a constant amount annually for an indefinite period. The present value of such an annuity can be calculated using a specific formula.
A perpetuity is a financial instrument that provides continuous payments indefinitely. It has no end date, meaning it theoretically continues forever. The Rule Against Perpetuities restricts the length of time properties can be held or devised to lineage.
