anything existing at that moment in real life and not just in speculation; other definitions include real, authentic, genuine, definite, factual.
There are things in this world that exist, and no one can argue with that since they can be seen; as the famous saying goes, "seeing is believing." When something is actual, you consider it to be real and true because you can prove it. This goes hand in hand with a word like "fact," which means something is absolute, definite, and believable. An actual thing is one that has been accepted as valid and indeed accurate.
Let’s say you were born in later than 1997; then you could say you are a generation Z, and that would be the actual truth. You cannot argue with this fact because all generation Z’s were born at that particular time and are now beginning their young adulthood. These things are what we refer to as actual because they are based on facts and not mere hypotheses.
In business the term actual can refer to anything that is proven and believed to be accurate. In short, it’s something unbiased. For example, you could say a company is the largest in a particular area based on the number of sales and profit it makes compared to others in the same line of business. If this theory can be backed up by thorough research carried out by professionals, then you can agree the company is indeed the largest in the area that this is an actual fact. This example leads us to comfortably conclude that the term actual means something true and valid.
Example of Actual
No matter where you go in this enormous world, there are some things that are absolute and universally accepted. For example, everyone knows that a single day is made up of 24 hours, and that is a fact; no matter where you go on this planet, a single day begins at midnight and ends after a cycle of 24 hours. There’s nowhere on this planet where a day is made of more or less than 24 hours, and that is actual.
For another example, let’s say you have a business that has been progressing steadily for a while now, taking over new markets and imprinting its brand on new, loyal customers. The more you continue with your good workmanship in providing quality services, the more your business will expand. As long as you continue to work hard and gain popularity, your business will continue doing well, and that is actual. No one can argue with the fact that you will slowly become a big company someday.
Another example of the term "actual" is your net worth derived from the total of your assets and the amount of money in your bank account. These are things that you cannot lie about since the banks know the real amount you are actually worth. In this case, when something is actual, it is true and realistic, just like your net worth. "Actual" is absolute, and it shows that something has substantial evidence to back its claims.
Significance of Actual
When something is actual, it is accepted as valid, and this is evident in the examples that I used earlier. There is no point in disputing against facts because they are supported by truth. "Actual" is a term used to validate things, or even people, that are authentic. An actual thing can be termed absolute since it cannot be argued over and discussed.