PERPETUITY

PERPETUITY perpetuity (p[schwa]r-p[schwa]-t[y]oo-[schwa]-tee). 1. The state of continuing forever. 2. Hist. An unbarrable entail. 3. Hist. An inalienable interest. 4. An interest that does not take effect or vest within the period prescribed by law. ? In reference to the rule against perpetuities, only sense 4 is now current. See RULE AGAINST PERPETUITIES. [Cases: Perpetuities […]

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