appraisal

American  

[uh-prey-zuhl] / əˈpreɪ zəl /

Or appraisement

noun

1. the act of estimating or judging the nature or value of something or someone.

2. an estimate of value, as for sale, assessment, or taxation; valuation.

3. an estimate or considered opinion of the nature, quality, importance, etc.

   the critics' appraisal of pop art; an incorrect appraisal of public opinion.

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appraisal British  

/ əˈpreɪzəl /

noun

1. an assessment or estimation of the worth, value, or quality of a person or thing See also performance appraisal

2. a valuation of property or goods

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appraisal Cultural  

1. A formal evaluation of property by an expert, used to establish its market value.

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Other Word Forms

• misappraisal noun
• overappraisal noun
• reappraisal noun
• self-appraisal noun

Etymology

Origin of appraisal

First recorded in 1810–20; appraise + -al ²

Example Sentences

She says the Board of Review’s assessments are more in line with industry standards on commercial appraisals.

From The Wall Street Journal

An appraiser approved by the federal government must conduct an appraisal to assess the property’s market value and make a minor inspection for safety and soundness before the agency can approve the loan.

From MarketWatch

The French energy major said Tuesday that it would work with Portugal’s Galp to drill three wells over the next two years as part of the appraisal program.

From The Wall Street Journal

Another workaround: You could give incrementally, to avoid appraisal fees.

From MarketWatch

The IRS typically looks for evidence, including appraisals, correspondence and estate documents.

From MarketWatch

Related Words

• assessment
• evaluation
• opinion
• pricing
• survey
• valuation