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The time horizon characteristic of regenerative capital: infinite or perpetual, compared to debt (short), equity (medium), and grants (single-use). Achieved when R is sufficiently high that capital persists indefinitely.
A traditional grant has horizon = 1 cycle (then depleted). A 10-year loan has horizon = 10 years. Regenerative capital with R = 0.95 operates effectively forever, still maintaining 60% of original capital after 30 cycles.
REA Section 5.2