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.
Sample 1Sample 2Sample 3
Actual Age means the number of years elapsed since the original construction up to the effective valuation date.” 50 IAC 2.2-1-2.
Sample 1
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)
Sample 1

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.

  • Patient identifiers include, but are not limited to, Account Numbers, Medical Record Numbers, Patient Name, Date of Birth, Actual Age, Gender, Patient Initials, Room Numbers, and Provider Name.

  • We estimate that 13 states will elect to include this definition in their State plans.

  • 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.

  • Actual Age minus 5 Election of Optional Method of Payment Before the Annuity Commencement Date the Certificate Owner can elect or change a payment 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.

  • 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.

  • The Death Benefit Enhancement will be payable before the Annuity Date, until Actual Age 95 of the younger Covered Life under the Rider, or until the Contract Value reaches zero, if earlier.

  • 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 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.