appraisal

Or ap·praise·ment

[uh-prey-zuhl]

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.

appraisal

/ 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

appraisal

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

Other Word Forms

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

Word History and Origins

Origin of appraisal¹

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

Example Sentences

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

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Refinancing can be a time-consuming process, with costs ranging from appraisals to lawyers.

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They also waived an appraisal and inspection, and put about $300,000 down.

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Mortgage lenders generally are averse to carrying existing loans over to new borrowers or new properties, at least without new appraisals, credit checks and other paperwork.

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Among the major moves it has taken was the October 2024 sale of a majority stake in its Great American appraisal and liquidation business, which earned the company about $203 million in cash.

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Related Words

• assessment 
• evaluation 
• opinion 
• pricing www.thesaurus.com
• survey 
• valuation