Perpetuals (dead hand estate)

In old documents, endowment capital was earmarked for a specific purpose and was not subject to commercial transactions in that it could neither be sold nor lent. However, the assets – primarily land, forests, bodies of water, and the generic term “real estate” – could be leased out for commercial use: Realities – could be leased for economic use. – See amortization, benefit money, fideïkommiss, soft money, endowment fund.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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