Dauerschuldverhältnisse
Dauerschuldver, a German legal term, translates to "long-term debt" or "perpetual debt" in English. It refers to a debt obligation that is not repaid at a specific maturity date, but rather continues indefinitely or for a very long period. These types of debts are characterized by periodic payments, such as interest, which are made to the creditor without extinguishing the principal amount.
Historically, Dauerschuldverhältnisse were more common in certain contexts, particularly with government or institutional financing. They differ
Examples of arrangements that might be considered Dauerschuldver include certain types of perpetual bonds or annuities