- to form an approximate judgment or opinion regarding the worth, amount, size, weight, etc., of; calculate approximately: to estimate the cost of a college education.
- to form an opinion of; judge.
- to make an estimate.
- an approximate judgment or calculation, as of the value, amount, time, size, or weight of something.
- a judgment or opinion, as of the qualities of a person or thing.
- a statement of the approximate charge for work to be done, submitted by a person or business firm ready to undertake the work.
Origin of estimate
- to form an approximate idea of (distance, size, cost, etc); calculate roughly; gauge
- (tr; may take a clause as object) to form an opinion about; judgeto estimate one's chances
- to submit (an approximate price) for (a job) to a prospective client
- (tr) statistics to assign a value (a point estimate) or range of values (an interval estimate) to a parameter of a population on the basis of sampling statisticsSee estimator
- an approximate calculation
- a statement indicating the likely charge for or cost of certain work
- a judgment; appraisal; opinion
Word Origin and History for reestimated
1560s, "valuation," from Latin aestimatus, verbal noun from aestimare (see esteem). Earlier in sense "power of the mind" (mid-15c.). Meaning "approximate judgment" is from 1580s. As a builder's statement of projected costs, from 1796.
1530s, "appraise the worth of," from Latin aestimatus, past participle of aestimare "to value, appraise" (see esteem). Meaning "form an approximate notion" is from 1660s. Related: Estimated; estimates; estimating.