perpetuity
noun
per·pe·tu·i·ty
ˌpər-pə-ˈtü-ə-tē
-ˈtyü-
plural perpetuities
1
2
: the quality or state of being perpetual
bequeathed to them in perpetuity
3
a
: the condition of an estate limited so that it will not take effect or vest within the period fixed by law
b
: an estate so limited
4
: an annuity payable forever
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Merriam-Webster unabridged
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