useful life

Definition of useful life

  1. :  the amount of time during which something is in good enough condition to be used the useful life of a satellite

Word by Word Definitions

usefulplay
  1. :  capable of being put to use

    :  serviceable for an end or purpose

    :  of a valuable or productive kind

lifeplay
  1. :  the quality that distinguishes a vital and functional being from a dead body

    :  a principle or force that is considered to underlie the distinctive quality of animate beings

    :  an organismic state characterized by capacity for metabolism (see metabolism 1), growth, reaction to stimuli, and reproduction

  1. :  of or relating to animate being

    :  lifelong

    :  using a living model


Law Dictionary

useful life

noun use·ful life

Legal Definition of useful life

  1. :  an estimated amount of time during which an asset or facility will yield income or be useful — see also depreciation 1


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