perpetual annuity
perpetual annuity(perpetuity) The receipt or payment of a constant annual amount in perpetuity. Although the word annuity refers to an annual sum, in practice the constant sum may be for periods of less than a year. The present value of an annuity is obtained from the formula:
where P is the present value, a is the annual sum, and i is the interest rate.
- letter of indemnity
- letter of intent
- letter of licence
- letter of regret
- letter of renunciation
- leu
- lev
- level output strategy
- level scheduling
- leverage
- leveraged lease
- leverage ratios
- liability
- LIBID
- LIBOR
- licence
- licensed dealer
- licensing
- lien
- life annuity
- life assurance
- life assured
- lifeboat
- life-cycle segmentation
- life office