Entry Word: assessment

Function: noun

Meaning: 1 a charge usually of money collected by the government from people or businesses for public use <hated paying the annual assessment on his car> — see tax
2 an opinion on the nature, character, or quality of something <Iʼm far too quiet, in the assessment of my new boss> — see estimation 1
3 the act of placing a value on the nature, character, or quality of something <we may have been too hasty in our assessment of the value of the property> — see estimate 1