appraisal

noun
ap·​prais·​al | \ə-ˈprā-zəl \

Definition of appraisal 

: an act or instance of appraising something or someone a damage appraisal They gave us an honest appraisal of our chances. especially : a valuation of property by the estimate of an authorized person sought an appraisal of her jewelry real estate appraisals

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Examples of appraisal in a Sentence

the appraisal of some jewelry I made a quick appraisal of the situation and decided to leave right away. The book is an excellent appraisal of the influences that have shaped our government.
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Recent Examples on the Web

Several people at one major bank said the largest institutions require low loan to value ratios and multiple appraisals before lending on a property. Katherine Clarke, WSJ, "What Beyoncé and These Billionaires Have in Common: Massive Mortgages," 20 Sep. 2018 Each ticket holder was allowed to bring two items for a verbal appraisal. Julie Hinds, Detroit Free Press, "From Motown heirlooms to Jimmy Hoffa tales, Detroit brings it to 'Antiques Roadshow'," 14 June 2018 SoccerCity investors have agreed to honor an independent appraisal by the city, which values the stadium land at $82.8 million and Murphy Canyon at $27.3 million. Phillip Molnar, sandiegouniontribune.com, "Taxpayers association says SoccerCity has bigger tax benefit to city," 12 July 2018 As a result of the controversy, the town enacted policy that requires an appraisal before the town acquires land. Lily Altavena, azcentral, "Gilbert will auction off land it was blasted for overpaying for nearly a decade ago," 12 July 2018 At that point, the owner pays the original loan amount and a proportionate share of any increase in the home’s value (determined by the sales price or an appraisal). Kathleen Pender, SFChronicle.com, "Enter soon for chance to score $375,000 in SF down-payment lottery," 5 July 2018 He will be judged as Dolphins owner first by how his teams do, an appraisal presently harsh. Greg Cote, miamiherald, "Flip the narrative on Miami as a sports town. Here's why we're great and getting better," 25 June 2018 There should be no charge for that service unless an appraisal is required. Robyn A. Friedman, WSJ, "Baby Boomers Are Downsizing and There’s A Problem: What To Do With All Their Stuff," 20 June 2018 Sommer says the value is $1.39 million based on an appraisal done for Bevin a year ago by Louisville appraiser John May when the property value was also in dispute. Tom Loftus, The Courier-Journal, "Matt Bevin says he was singled out when mansion's tax value was raised," 20 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'appraisal.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of appraisal

1795, in the meaning defined above

History and Etymology for appraisal

see appraise

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Statistics for appraisal

Last Updated

17 Nov 2018

Look-up Popularity

Time Traveler for appraisal

The first known use of appraisal was in 1795

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More Definitions for appraisal

appraisal

noun

Financial Definition of appraisal

What It Is

An appraisal is an estimate of the market value of an item by a certified professional.

How It Works

The definition of appraisal on InvestingAnswersAppraisals can be assigned to nearly any item, including real estate. Appraisals are conducted by individuals called appraisers. Appraisers are educated in a variety of market valuation methods and are recognized by a regulatory authority as being capable of issuing an accurate valuation. For instance, an appraisal on an antique will take into account such variables as age, condition, origin, and availability of authenticating documentation.

Why It Matters

Property appraisals are done primarily for taxation and insurance purposes, but may also serve as the basis for an asking price should the owner of a piece of property wish to sell. Appraisals are also valuable for business purposes, as many takeovers are based on a fair valuation of the company’s assets.

Source: Investing Answers

appraisal

noun

English Language Learners Definition of appraisal

: the act of judging the value, condition, or importance of something : the act of appraising something

: something that states an opinion about the value, condition, or importance of something

appraisal

noun
ap·​prais·​al | \ə-ˈprā-zəl \

Kids Definition of appraisal

: an act or instance of setting a value on appraisal of the property

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appraisal

noun
ap·​prais·​al | \ə-ˈprā-zəl \

Legal Definition of appraisal 

: a valuation of property by the estimate of an authorized person: as

a : the determination of the fair value of a corporation's stock by a judicial proceeding that a dissenting shareholder is usually entitled by statute to demand in a case of extraordinary corporate action (as a merger) — see also dissent entry 1 sense 1

b : the estimation of the value of real estate for the purpose of taxation, sale, or securing a mortgage

c : the estimation of the value of damage done to property for the purpose of adjusting an insurance claim

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Comments on appraisal

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