Actual Age definition

Actual Age means the number of years that have elapsed since construction of an improvement was completed; also called historical or chronological age.
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Actual Age means the number of years elapsed since the original construction up to the effective valuation date.
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Actual Age means the number of years elapsed since the original construction up to the effective valuation date. (2011 Real Property Assessment Manual and Guidelines Book 1, Definitions, pg. 4)
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Examples of Actual Age in a sentence

  • The Effective Age should be the Actual Age of the improvements, unless documented improvements have been made to reduce the Effective Age.

  • Improvements with an Actual Age greater than the applicable forty- five (45) or fifty (50) years in the preceding sentence are not eligible for an Acquisition/Rehabilitation Project unless they have undergone sufficient rehabilitation within the applicable past forty-five (45) or fifty (50) years bringing them to a condition that otherwise demonstrates that the improvements should not be demolished and re-constructed.

  • Instead, CMS will estimate the claimant’s remaining life expectancy using Actual Age.

  • Replacement Cost $18.00 Life Expectancy Two years Actual Age: 18 months Condition: Average Reimbursement Value: 40% or $7.20 Sec.

  • Calendar Year in which 1st payment is due: Adjusted Age is Actual Age: 2003-2005 2006-2010 2011-2015 2016-2020 minus 1 minus 2 minus 3 minus 4 2021-2025 2026-2030 2031-2035 2036 AND LATER minus 5 minus 6 minus 7 minus 8 LIFE ANNUITY TABLES FOR FIXED PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THIS TABLE WILL BE USED FOR QUALIFIED CONTRACTS.

  • Calendar Year in which 1st payment is due: Adjusted Age is Actual Age: 2003-2005 2006-2010 2011-2015 2016-2020 minus 1 minus 2 minus 3 minus 4 2021-2025 2026-2030 2031-2035 2036 AND LATER minus 5 minus 6 minus 7 minus 8 LIFE ANNUITY TABLES FOR FIXED PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THESE TABLES WILL BE USED FOR NONQUALIFIED CONTRACTS.

  • Adjusted Age = Actual Age at Settlement (in years and completed months) less the following number of months: [0.6 times (Birth Year - 1915)] rounded to the nearest integer.

  • Chapter 3 defines the stakeholder groups affected by the tramline upgrade, together with the potential effects of the upgrade on them.

  • Calendar Year in which 1st payment is due: Adjusted Age is Actual Age: 2003-2005 2006-2010 2011-2015 2016-2020 minus 1 minus 2 minus 3 minus 4 2021-2025 2026-2030 2031-2035 2036 AND LATER minus 5 minus 6 minus 7 minus 8 LIFE ANNUITY TABLES FOR FIXED PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THIS TABLE WILL BE USED FOR NONQUALIFIED AND QUALIFIED CONTRACTS.

  • The Effective Age should be the Actual Age of the improvements, unless documented capital improvements have been made to reduce the Effective Age or lack of typical maintenance increases the Effective Age of the improvements.

Related to Actual Age

  • Actual Uptime means, of the Total Operation Hours, the aggregate number of hours in any month during which each equipment is actually available for use.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Actual/365 (Fixed) means that interest or any other relevant accrual factor shall be calculated on the basis of the actual number of days elapsed in a year of 365 days, regardless of whether accrual or payment occurs during a calendar leap year.

  • Actuarial equivalent means a benefit of equal value when