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
https://payrollheaven.com/define/actual-age/
Modern Language Association (MLA):
Actual Age. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/actual-age/.
Chicago Manual of Style (CMS):
Actual Age. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/actual-age/ (accessed: December 06, 2021).
American Psychological Association (APA):
Actual Age. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/actual-age/

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.