The mortgage definition for Actual age:
The number of years a structure has been standing.
Contractual liabilityContractual liability
The terms of a contract to which you must abide. There may be financial or even criminal penalties which you incur if if you do not meet your contractual liabilities.
Contractual lienContractual lien
A voluntary obligation such as a mortgage or trust deed.
Click to compare definitions of Actual age
Click to view definitions beginning ac
www.mortgage-terms.co.uk is a finance, business, investment and stock market resource of common mortgage words. Stamp Duty Calculator - Income Tax Calculator.