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ACTUAL AGEThe amount of time that has passed since a building or other structure was built. See also: EFFECTIVE AGE
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ACTUAL AGEA method of calculating an applicant’s insurance age. This method uses the insured’s actual age and is sometimes called Age Last Birthday or Attained Age.
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ACTUAL AGEDefinition The actual age of a property is its chronological age. Effective age refers to the state of the property. For example, a property with an actual age of 10 years may have an effective age of [..]
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ACTUAL AGEActual age is a real estate appraisal term refering to the number of years that have passed since a specific building improvement was made. An improvement's actual age is often compared to it [..]
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ACTUAL AGEActual age in the context of health care insurance refers to the method of calculating the age of an insurance applicant, depending upon an insured person’s attained age on last birthday. An actual ag [..]
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ACTUAL AGEThe amount of time that has passed since a building or other structure was built. See also: EFFECTIVE AGE
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ACTUAL AGEA method of calculating an applicant's insurance age. This method uses the insured's actual age and is sometimes called Age Last Birthday or Attained Age.
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ACTUAL AGEThe number of years that have elapsed since the completed construction of an structure; also referred to as historical age or chronological age.
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