perpetual annuity

perpetual annuity
An annuity granted in fee. Anno: 54 ALR2d 373 § 6. An annuity to continue for an unlimited time without interruption; one to be enjoyed longer than the lifetime of the first taker or beneficiary. 4 Am J2d Annui § 7.

Ballentine's law dictionary. . 1998.

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  • perpetual annuity — The receipt or payment of a constant annual amount in perpetuity. Although the word annuity refers to an annual sum, in practice the constant sum may be for periods of less than a year. The present value of a perpetual annuity is obtained from… …   Accounting dictionary

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  • Treaty of St. Mary's — The Treaty of St. Mary s (also known as the Treaty with the Miami, 1818) was signed on October 6, 1818 at Saint Mary s, Ohio between representatives of the United States and the Miami tribe. The accord contained seven articles. Based on the terms …   Wikipedia

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