perpetuity
🇺🇸
/ˌpɜːrpəˈtuːəti/
🇬🇧
/ˌpɜːpəˈtjuːəti/
The condition of lasting forever or a very, very long time.
The ancient ruins have stood in perpetuity, bearing witness to the passage of time.
In finance, an investment that gives you money for a very long time, often for the rest of your life.
The investor sought a perpetuity bond to secure a steady income for the rest of his life.