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appraisal

or ap·praise·ment

[uh-prey-zuh l]
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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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Origin of appraisal

First recorded in 1810–20; appraise + -al2
Related formsmis·ap·prais·al, nouno·ver·ap·prais·al, nounre·ap·prais·al, nounself-ap·prais·al, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for appraisal

appraisal

appraisement

noun
  1. an assessment or estimation of the worth, value, or quality of a person or thingSee also performance appraisal
  2. a valuation of property or goods
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for appraisal

n.

"setting of a price," by 1784, American English, from appraise + -al (2). Figurative sense, "act of appraising" (originally a term of literary criticism) is from 1817.

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Online Etymology Dictionary, © 2010 Douglas Harper

appraisal in Culture

appraisal

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

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.