noun as·sess·ment \ə-ˈses-mənt, a-\

: the act of making a judgment about something : the act of assessing something

: an idea or opinion about something

: an amount that a person is officially required to pay especially as a tax

Full Definition of ASSESSMENT

:  the action or an instance of assessing :  appraisal
:  the amount assessed

Examples of ASSESSMENT

  1. It's a difficult problem that requires careful assessment.
  2. I don't agree with his assessment of the problem.
  3. The owners claimed the tax assessment on their house was too high.

First Known Use of ASSESSMENT


Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with ASSESSMENT

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