Meaning of the word perpetuity in English

What does perpetuity mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

perpetuity

US /ˌpɝː.pəˈtuː.ə.t̬i/
UK /ˌpɜː.pəˈtʃuː.ə.ti/

Noun

the state or quality of lasting forever

Example:
The trust was established in perpetuity for the benefit of future generations.
He granted the land to the university in perpetuity.