effective age

Definition

An appraiser's estimate of the physical condition of a building, in years.

Use effective age in a sentence

If you want to try and purchase a building you should always know what the effective age of it is.

​ Was this Helpful? YES  NO 8 people found this helpful.

I wanted to know the effective age and I knew I would be able to figure it out since I was an appraiser.

​ Was this Helpful? YES  NO 3 people found this helpful.

The effective age was determined by the appraiser who prepared the report the same day we requested it for the judge.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
actual age age-life depreciation