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.
1817, "act of appraising," in the figurative sense, originally a term of literary criticism, from appraise. Literal sense, "setting of a price," is by 1863, Amer.Eng.