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Perpetual inventory systems can still be vulnerable to errors due to overstatements (phantom inventory) or understatements (missing inventory) that can occur as a result of theft, breakage, scanning errors or untracked inventory movements, leading to systematic errors in replenishment. [2] The perpetual inventory formula is very straightforward.
Perpetual insurance is a type of homeowner's insurance policy written to have no term, or date, when the policy expires. From the effective start date, the coverage exists for perpetuity. From the effective start date, the coverage exists for perpetuity.
In finance, a perpetual futures contract, also known as a perpetual swap, is an agreement to non-optionally buy or sell an asset at an unspecified point in the future. . Perpetual futures are cash-settled, and they differ from regular futures in that they lack a pre-specified delivery date and can thus be held indefinitely without the need to roll over contracts as they approach expi
A perpetual bond, also known colloquially as a perpetual or perp, is a bond with no maturity date, [1] therefore allowing it to be treated as equity, not as debt. Issuers pay coupons on perpetual bonds forever, and they do not have to redeem the principal. Perpetual bond cash flows are, therefore, those of a perpetuity.
In company law, perpetual succession is the continuation of a corporation's or other organization's existence despite the death, bankruptcy, insanity, ...
Perpetual motion is the motion of bodies that continues forever in an unperturbed system. A perpetual motion machine is a hypothetical machine that can do work indefinitely without an external energy source. This kind of machine is impossible, since its existence would violate the first and/or second laws of thermodynamics. [2] [3] [4] [5]