the act of estimating or judging the nature or value of something or someone.
an estimate of value, as for sale, assessment, or taxation; valuation.
an estimate or considered opinion of the nature, quality, importance, etc: the critics' appraisal of pop art; an incorrect appraisal of public opinion.
Also, appraisement.

1810–20; appraise + -al2

misappraisal, noun
overappraisal, noun
reappraisal, noun
self-appraisal, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
appraisal or appraisement (əˈpreɪzəl)
1.  See also performance appraisal an assessment or estimation of the worth, value, or quality of a person or thing
2.  a valuation of property or goods
appraisement or appraisement

reappraisal (ˌriːəˈpreɪzəl)
the assessment or estimation again of the worth, value, or quality of a person or thing

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

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.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

appraisal definition

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

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