physical life Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: physical life

physical life

the expected period of time for a real estate improvement to exist physically.

Example: The older building's steel frame was so solid that it had a 100-year remaining physical life. However, it was functionally obsolete because of substandard plumbing, electrical wiring, and other safety matters, so its remaining economic life was short. Consequently, its physical life was a moot point.

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