Actual Age

Business, Legal & Accounting Glossary

Definition: Actual Age

Actual Age

Full Definition of Actual Age

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 20 years if upkeep and maintenance have not been performed.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Actual Age. Payroll & Accounting Heaven Ltd.
March 01, 2024
Chicago Manual of Style (CMS):
Actual Age. Payroll & Accounting Heaven Ltd. (accessed: March 01, 2024).
American Psychological Association (APA):
Actual Age. Retrieved March 01, 2024
, from website:

Definition Sources

Definitions for Actual Age are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.