perpetuity — per·pe·tu·i·ty /ˌpər pə tü ə tē, tyü / n pl ties 1: the quality, state, or duration of being perpetual devised to them in perpetuity 2 a: the condition of a future estate limited in such a way as not to vest within the period fixed by law for the … Law dictionary
Perpetuity — Per pe*tu i*ty, n. [L. perpetuitas: cf. F. perp[ e]tuit[ e].] 1. The quality or state of being perpetual; as, the perpetuity of laws. Bacon. [1913 Webster] A path to perpetuity of fame. Byron. [1913 Webster] The perpetuity of single emotion is… … The Collaborative International Dictionary of English
perpetuity — [pʉr΄pə to͞o′ə tē, pʉr΄pətyo͞o′ə tē] n. pl. perpetuities [ME perpetuite < OFr perpetuité < L perpetuitas] 1. the state or quality of being perpetual 2. something perpetual, as an annuity or pension to be paid indefinitely or, often specif … English World dictionary
perpetuity — /parpatyuwadiy/ Continuing forever. Legally, pertaining to real property, any condition extending the inalienability or property beyond the time of a life or lives in being plus twenty one years. A perpetuity is a limitation which takes the… … Black's law dictionary
perpetuity — noun (plural ties) Etymology: Middle English perpetuite, from Anglo French perpetuité, from Latin perpetuitat , perpetuitas, from perpetuus Date: 15th century 1. eternity 2 2. the quality or state of being perpetual < bequeathed to them in… … New Collegiate Dictionary
perpetuity — [pə:pɪ tju:ɪti] noun (plural perpetuities) 1》 the state or quality of lasting forever. 2》 a bond or other security with no fixed maturity date. 3》 Law a restriction making an interest in land inalienable perpetually or for a period beyond certain … English new terms dictionary
perpetuity — Literally, something that lasts forever. In an artificial sense of the term, as used in the law of property, a limitation of a contingent future interest in violation of the rule against perpetuities. A limitation, whether executory or by way of… … Ballentine's law dictionary
Heian period — The nihongo|Heian period|平安時代|Heian jidai is the last division of classical Japanese history, running from 794 to 1185. [ [http://search.eb.com/eb/article 9039814 Heian period ] . Encyclopædia Britannica . Retrieved 2007 04 24.] It is the period… … Wikipedia
rule against perpetuities — often cap R&P: a common law rule stating that in order for a future interest to be good it must vest after its creation (as at the death of a testator) within a life in being or lives in being plus 21 years plus the period of gestation of any… … Law dictionary
Offshore trust — An offshore trust is simply a conventional trust that is formed under the laws of an offshore jurisdiction. Generally offshore trusts are similar in nature and effect to their onshore counterparts; they involve a settlor transferring (or settling … Wikipedia
