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.
View Source
Actual Age means the number of years elapsed since the original construction up to the effective valuation date.
View Source
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)
View Source

Examples of Actual Age in a sentence

  • 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.

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

  • The adjusted age is the Annuitant’s actual age on the Annuitant’s nearest birthday, at the Annuity Commencement Date, adjusted as follows: 2011 - 2019 Actual Age minus 1 2020 - 2026 Actual Age minus 2 2027 - 2033 Actual Age minus 3 2034 - 2040 Actual Age minus 4 After 2040 Actual Age minus 5 Election of Optional Method of Payment Before the Annuity Commencement Date You can elect or change an Income Option.

  • The adjusted age is the Annuitant's actual age nearest birthday at the Maturity Date, adjusted as follows: Maturity Date Adjusted Age Before 2001 Actual Age 2001 - 2010 Actual Age minus 1 2011 - 2020 Actual Age minus 2 2021 - 2030 Actual Age minus 3 2031 - 2040 Actual Age minus 4 After the year 2040 as determined by us.

  • For a Joint Life Guarantee, the Lifetime Withdrawal Rate is based on the Actual Age of the younger Covered Life at the time the Lifetime Withdrawal Guarantee is first exercised.

  • 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 VARIABLE PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THESE TABLES WILL BE USED FOR QUALIFIED CONTRACTS.

  • The Lifetime Withdrawal Guarantee is only available if the Actual Age of the younger Covered Life at the time of the first Lifetime Withdrawal satisfies the age range specified in Additional Contract Specifications.

  • 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 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 VARIABLE PAYMENTS GUARANTEED AMOUNT OF MONTHLY ANNUITY PAYMENTS PURCHASED WITH EACH $1,000 OF PROCEEDS APPLIED THIS TABLE WILL BE USED FOR QUALIFIED CONTRACTS.

Related to Actual Age

  • Actual miles means the actual distance a vehicle has traveled while in operation.

  • Actual/Actual means interest or any other relevant accrual factor shall be calculated in accordance with the definition of “Actual/Actual” adopted by the International Securities Market Association (“Actual/Actual (ISMA)”), which means a calculation on the basis of the following:

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • 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 weight means the actual unladen weight of a vehicle or combination of