Perpetual refers to financial instruments, such as perpetual bonds, that do not have a maturity date. Investors receive interest payments indefinitely, making them attractive for those seeking steady income without the need to reinvest principal. These bonds are often issued by governments or corporations and can be traded in secondary markets. The concept of perpetual can also extend beyond finance, symbolizing something that lasts forever or is unending. In various contexts, it represents continuity and stability, appealing to those who value long-term commitments and investments in an ever-changing world.