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Not only can perpetuity refer to infinite time, aka eternity, but it also has specific legal and financial uses, as for certain arrangements in wills and for annuities that are payable forever, or at least for the foreseeable future.

The state or character of being perpetual (often preceded byin ). See examples of perpetuity used in a sentence. Something perpetual, as an annuity or pension to be paid indefinitely or, often specif., for life The state or quality of being perpetual Definition of perpetuity noun from the oxford advanced learner's dictionary (formal) for all time in the future synonym forever

They do not own the land in perpetuity The trust fund will ensure preservation of the site in perpetuity Questions about grammar and vocabulary? Meanings, etymology, pronunciation and more in the oxford english dictionary