Dictionary
Thesaurus
Reference
Translate
Web
appraisal - 6 dictionary results

ap⋅prais⋅al

[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.
Also, ap⋅praise⋅ment.


Origin:
1810–20; appraise + -al 2
ap·prais·al   (ə-prā'zəl)   
n.  
  1. The act or an instance of appraising.
  2. An expert or official valuation, as for taxation.

Appraisal

Ap*prais"al\, n. [See Appraise. Cf. Apprizal.] A valuation by an authorized person; an appraisement.

appraisal

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


Appraisal

A valuation of property (e.g. real estate, a business, an antique) by the estimate of an authorized person.

Investopedia Commentary

Appraisals are typically used either for taxation purposes or to discover a possible selling price for the property in question.

Related Links

20 Investments You Should Know

See also: Appraisal Ratio, Appraisal Right


Main Entry: ap·prais·al
Pronunciation: &-'prA-z&l
Function: noun
: a valuation of property by the estimate of an authorized person: as a : the determination of the fair value of a corporation's stock by a judicial proceeding that a dissenting shareholder is usually entitled by statute to demand in a case of extraordinary corporate action (as a merger) —see also DISSENT 1 b : the estimation of the value of real estate for the purpose of taxation, sale, or securing a mortgage c : the estimation of the value of damage done to property for the purpose of adjusting an insurance claim
Search another word or see appraisal on Thesaurus | Reference