- noun a calculation of the value of someone or something
- A dollar estimate of the value of a certain item of property, or the assessment of the value of a loss. The estimate is developed from market value, replacement cost, income produced, or a combination of these factors. Appraisals are usually made by qualified professional appraisers.
(written as Appraisal)The process of assessing costs and benefits in relation to a set of objectives and a set of alternative means (options) of realizing them.
- noun a judgment or opinion on something or somebody, especially one which decides how effective or useful they are
- noun an estate agent’s estimate of how much money a property is worth